Dow Industrials, S&P 500 Close at Record Highs Ahead of Jobs Report

Stocks closed higher with the Dow Industrials and the S&P 500 ending at record highs on Thursday. Investors were feeling good ahead of Friday's big jobs report and from the European Central Bank's dovish tones on interest rates. Gold extended its losses for a seventh straight session. Prices slipped further from Wednesday's big drop. Silver also fell, down $0.03 an ounce. Qualcomm (QCOM) fell after reporting disappointing earnings results. The chip maker also said it's under an antitrust investigation and sees trouble for its business in China. Orbitz (OWW) was another big decliner following its third quarter results. Earnings drove some stocks higher. Whole Foods (WFM) said it gained in market share and sales were boosted by new product launches. Shares of Kate Spade (KATE) rose significantly higher despite reporting a loss for its third quarter. The handbag designer raised its full year outlook and said its net sales grew by 30% year-over-year.