The Dow Jones Industrials advanced 37.63 points to 43,767.56.
The S&P 500 index hiked 31.88 points to 5,960.92.
The NASDAQ jumped 193.31 points to 19,196.77. All three improved on Wednesday’s record highs.
Financial stocks, which surged on Wednesday, cooled a bit on Thursday. Shares of JPMorgan Chase fell 2% and American Express dipped 1.7%, weighing on the Dow.
Big Tech stocks moved higher, with Apple and Nvidia each gaining more than 1%.
Market participants on Thursday will closely monitor the Federal Reserve’s interest rate decision and Chair Jerome Powell’s subsequent press conference. Fed funds futures are currently pricing in a 100% likelihood that the central bank lowers the borrowing cost at this gathering,
A rate reduction Thursday would mark a second straight cut after the Fed’s decrease in September, which was its first since 2020.
Prices for the 10-year Treasury barreled ahead, lowering yields to 4.36% from Wednesday’s 4.44%. Treasury prices and yields move in opposite directions.
Oil prices dipped 71 cents to $70.98 U.S. a barrel.
Prices for gold regained $25.70 an ounce to $2,702 U.S.