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US stocks rose on Thursday, with the S&P 500 and Nasdaq Composite hitting new highs, helped by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
The discretionary index was up 1.2 percent, while the S&P 500 retail index was up 1.9 percent, on track for its best day since Nov. 7.
Best Buy jumped more than 22 percent, hitting a record high and making it the top gainer on the S&P, after its comparable sales unexpectedly rose last quarter.
US stocks rose on Thursday, with the S&P 500 and Nasdaq Composite hitting new highs, helped by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
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