Wall Street's major indexes rose on Thursday, boosted by gains in healthcare and technology stocks, as investors hoped for a swift economic recovery from a coronavirus-driven economic slump.
Boeing Co climbed 3.3%, the most among the 30 blue-chip Dow components, as the planemaker said it had resumed production of its 737 MAX passenger jet at its Washington plant, although at a "low rate".
Healthcare and technology sectors rose 2% and 1%, respectively, topping the major S&P sectors trading higher.
The S&P 500 has soared about 38% from its low hit in March as a restart in business activity after weeks of shutdown and massive amounts of stimulus measures to support the economy drove hopes of a recovery.
The benchmark index is now about 10% below its Feb 19 record high.
At 11:19 a.m. ET, the Dow Jones Industrial Average was up 109.08 points, or 0.43%, at 25,657.35, the S&P 500 was up 15.10 points, or 0.50%, at 3,051.23. The Nasdaq Composite was up 48.48 points, or 0.52%, at 9,460.84. Bank stocks lagged after surging about 15% in the past two sessions.
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