The Dow Jones Industrial Average DJIA, +0.95% rose to an intraday high Thursday, closing with a 1% gain. The S&P 500 Index SPX, +0.78% was up 0.8% after setting another intraday record, following the latest round of good economic news.
Bloomberg said its Consumer Comfort Index had climbed to its highest level since 2001. Meanwhile, the U.S. leading economic indicators pointed to a strong second half of 2018.
There are also indications that bond investors remain confident that the economic expansion will continue for at least a few more quarters.
Also see: Consumer discretionary stocks have doubled the S&P 500’s return this year — here are the winners
The Dow Jones Industrial Average is now up 7.8% for 2018 through Thursday’s close, while the S&P 500 is up 9.6%. Those figures exclude dividends.
