The Nasdaq Composite rallied to a record close Thursday as investors showed renewed interest in megacap technology companies ahead of their earnings reports in the weeks ahead.
The technology-heavy index climbed 73.67 points, or 0.5%, to 13530.91, propelled higher by shares of Apple , Facebook and Amazon.com . The day marked the Nasdaq’s third consecutive day of gains and its fourth record close of the year. Gains for the Nasdaq came amid an otherwise bumpy session for U.S. stocks, with both the S&P 500 and the Dow Jones Industrial Average swinging between small gains and losses throughout the day. The S&P 500 ultimately eked out a gain to finish at a record high, rising 1.22 points, or less than 0.1%, to 3853.07.Despite a turbulent start to 2021, U.S. stocks have largely continued to climb, with all three indexes currently up 1.9% or more year-to-date.