U.S. stocks traded higher on Thursday as Wall Street remained positive about the Federal Reserve’s plan to trim its balance sheet, while tech stocks climbed.
The S&P 500 reached an all-time intraday high, rising above its previous record of 2,405.77. Information technology was among the best-performing sectors, rising 0.8 percent. Tech has been on a tear this year, surging more than 19 percent.
The Nasdaq composite also notched a new record, climbing over 6,170.16, as Netflix, Alphabet, and Facebook shares all rose. Amazon also rose, nearing the $1,000 per share mark.
The Dow Jones industrial average, meanwhile, traded about half a percent from its record high, rising 70 points, with UnitedHealth contributing the most gains.