Strong gains by energy companies and retailers helped nudge each of the major U.S. stock indexes to a record high close Thursday, erasing mild losses from the day before.
The Standard & Poor's 500 index and Nasdaq composite had previously hit new highs last Friday. The Nasdaq also notched a record close Tuesday.
Investors welcomed some better-than-expected quarterly results from Macy's and Kohl's, which spurred gains for several other big retail chains.
Energy stocks led the rally, getting a boost from a surge in oil prices. An industry report released Thursday projected a more even balance in the supply and demand for oil this year.
“It's been such an...