The Dow Jones Industrial Average on Thursday, adding to a sharp two-day rally on expectations of looser monetary policy from the Federal Reserve.
The 30-stock index picked up 50.24 points to by noon EDT to 25,552.45
The S&P 500 gained 3.19 points to 2,829.34,
The NASDAQ Composite deducted 9.84 points to 7,565.54.
Advanced Micro Devices climbed 5.8% after Morgan Stanley upgraded the chipmaker to equal weight from underweight. The analyst also hiked his price target on AMD to $28 per share from $17.00
Energy shares were the best performers in the S&P 500, rising 1% on the day. The gains were led by Occidental Petroleum, which rose 2.7%, and a 2.5% gain in Baker Hughes.
Prices for the benchmark 10-year U.S. Treasury gained slightly, lowering yields to 2.10% from Wednesday’s 2.12%. Treasury prices and yields move in opposite directions.
Oil prices slumped eight cents to $51.60 U.S. a barrel.
Gold prices gained $8.90 at $1,342.5 0 U.S. an ounce.