The S&P 500 climbed on Thursday, surpassing its record high set a week ago as the market fully recovered losses triggered by the Federal Reserve's surprise policy pivot.
The Dow Jones Industrials came off its highs of the morning, but remained ahead 217.87 points to 34,092.11.
The S&P 500 regained 22.47 points to 4,264.31, retaking its previous record on June 14.
The NASDAQ climbed 113.92 points, or 1%, to another intraday record of 14,385.65.
A broad group of stocks gained to push the benchmarks to new highs. Communication services, consumer discretionary, health care and tech were the best-performing sectors. Tesla added more than 4%, while GM and Caterpillar each gained about 1%.
The blue-chip Dow suffered its worst week since October with a 3.5% loss last week after the Fed heightened inflation expectations and forecast rate hikes as soon as 2023. Economic comeback plays led the market losses as investors bet on slower growth amid the central bank's hawkish sentiment. The S&P 500 fell 1.9% last week.
Data out Thursday showed jobless claims totaled 411,000 for the week ended June 19, higher than an estimate of 380,000 from economists polled by Dow Jones.
Prices for 10-Year Treasurys were unchanged, maintaining yields at Wednesday's 1.49%. Treasury prices and yields move in opposite directions.
Oil prices regained 29 cents to $73.37 U.S. a barrel.
Gold prices sagged $2.20 to $1,781.20 U.S. an ounce.
S&P Regains Strength Lost in Last Week's Swoon