U.S. stocks surged to a new record on Thursday, with the S&P 500 closing at a high of 6,118.71. With gains of 2.6% over the past 5 sessions, the index has started the year in fine form. This increase reflects the ongoing upward momentum in the market, following the remarkable 57 all-time highs recorded last year.
The Dow Jones Industrial Average saw a significant rise of 408 points, or 0.9%, while the Nasdaq composite also increased by 0.22%. These gains contributed to the overall positive performance of the stock market on that day, with the small cap Russell 2000 gaining 0.76%.
In the pre-market session, the SPY ETF, reflecting the S&P 500, is down 0.14% as we await today's open.
Crude oil prices experienced a decline after President Trump urged oil-producing countries to reduce crude prices. This statement had an immediate impact on the oil market, leading to a decrease in prices.
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