Nasdaq and S&P500 stretch gains, close at records

US stock indices extended their up move on Thursday, after the release of positive economic data, and after the new infrastructure spending agreement.

US President Joe Biden said that his administration has reached an agreement with Congress on a $1 trillion infrastructure spending package.

The US Department of Labor revealed that the number of initial unemployment claims fell to 411K last week from 418K, while analysts forecast 382K.

The second reading of the US GDP showed a growth by 6.4% during the first quarter of 2021 as expected.

To the oil market, WTI crude August futures rose 0.3% or 22 cents, and closed at $73.30 a barrel, after hitting a high of $73.6 and a low of $72.3.

Brent August futures rose 0.5% or 37 cents, and closed at $75.56 a barrel, after hitting a high of $75.7 and a low of $74.7.

As for stocks, Dow Jones rose 0.9% or 322 points, and closed at 34,196, with a day high of 34,233, and a low of 33,933.

S&P 500 rose 0.6% or 24 points to 4,266, after hitting a high of 4,271 and a low of 4,256.

Nasdaq rose 0.7% or 98 points to 14,369, with a high of 14,414 and a low of 14,333.