U.S. Stocks Climb To All-time Highs Thanks To Jump In Oil

By Markets MarketWatch Pulse

U.S. stocks climbed to record levels Thursday, boosted by a rally in oil prices as well as upbeat economic data and better-than-expected results from Macy's Inc. . Crude-oil futures jumped to nearly three-week highs after Saudi Arabia's energy minister said major producers might take action to stabilize prices at a meeting next month. All three main indexes closed at record highs on the same day for the first time since Dec 31, 1999. The benchmark S&P 500 index rose 10.30 points, or 0.5%, to 2,185.79. Energy and consumer discretionary stocks led the gains, while only utilities sector lagged behind. The Dow Jones Industrial Average gained 117.65 points, or 0.6%, to 18,613.31. Meanwhile the Nasdaq Composite Index ended the session up 23.81 points, or 0.5%, to 5,228.40.

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