The Dow Jones Industrial Average, the S&P 500 and Nasdaq have now risen for five straight sessions.
Here Are 3 Hot Things to Know About Stocks Right Now
The Dow last closed above 25,000 on Feb. 2.
The blue-chip index remained more than 1,400 points below its all-time closing high of 26,616 set on Jan. 26, 2018.
Wall Street Overview
Stocks closed higher on Thursday, Feb. 15, posting their fifth straight day of gains.
The Dow Jones Industrial Average finished up 306 points, or 1.23%, to 25,200.
The S&P 500 was up 1.21% and the Nasdaq rose 1.58%.
Cisco Systems Inc. (CSCO) - Get Report remained the leader on the Dow after the company returned to revenue growth. Boeing Co. (BA) - Get Report and Apple Inc. (AAPL) - Get Report also led the blue-chip index higher.
Producer prices in the U.S. rose 0.4% in January, matching the forecasts of economists. Core PPI rose 0.4%, ahead of estimates of up 0.2%. The 12-month rate of wholesale inflation rose last month to 2.7%.
Wall Street has been eyeing inflation data to help it gain clues about the pace and trajectory of interest rate hikes from the Federal Reserve. The Consumer Price Index, a measure of inflation at the consumer level, rose 0.5% in January, higher than economists' forecasts of a 0.3% gain.
The 10-year Treasury note was yielding 2.899% on Thursday, after hitting a fresh four-year high of 2.94% on Wednesday, Feb. 14.
Manufacturing indexes from Philadelphia and New York state, released Thursday, showed solid growth in February.
Jobless claims in the week ended Feb. 10, rose 7,000 to 230,000, rebounding from a near 45-year low.
Shares of Cisco rose 4.7% on Thursday after the networking giant's fiscal second-quarter earnings topped forecasts and its top-line grew.
"In Q2, we returned to revenue growth," Chairman CEO Chuck Robbins told investors in a call after the market close on Wednesday.
Cisco's revenue, which had declined for eight consecutive quarters according to FactSet, rose 3% in the quarter to $11.9 billion, beating a consensus forecast of $11.8 billion. Adjusted earnings of 63 cents a share topped expectations of 59 cents.
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Waste Management Inc. (WM) - Get Report earned an adjusted 85 cents a share in the fourth quarter, 2 cents ahead of estimates. The company also provided strong 2018 guidance. The stock rose 1.6% on Thursday.
Apple shares rose 3.2%.
U.S. Bancorp (USB) - Get Report agreed to pay $613 million to federal authorities and regulators to resolve violations related to the Bank Secrecy Act and anti-money-laundering rules. The stock fell 0.36%.
American depositary receipts of Teva Pharmaceutical Industries Ltd. (TEVA) - Get Report rose 7.6% after Berkshire Hathaway disclosed an investment in the drugmaker. A filing from Berkshire showed that the company had purchased 18.9 million Teva shares worth a total of $357.695 million in last year's fourth quarter.