Stocks Advance on Ceasefire Optimism as Earnings Continue
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergEquities climbed again Thursday on optimism that the US and Iran will extend a fragile ceasefire in the Middle East and on signs of improvement in the labor market.
The S&P 500 Index closed 0.3% higher in New York, hitting another record as the energy and real estate sectors led gains. The US stock benchmark has posted only one daily decline so far in April and is up more than 7% this month.