U.S. stocks climbed, pushing benchmark indexes to records, after Internet and small-cap shares rallied amid deals activity that boosted confidence in the world��s largest economy.
The Standard & Poor��s 500 Index rose 1 percent to 1,896.52 at 4 p.m. in New York, rising above its record from April 2. The Dow Jones Industrial Average added 112.51 points, or 0.7 percent, to 16,695.85, extending an all-time high. The Nasdaq Composite Index surged 1.8 percent, the most since January, to trim its decline this year to 0.8 percent.
The S&P 500 has rallied 4.5 percent from an April 11 low, recovering all of its losses after a selloff in technology and small-cap stocks that overshadowed optimism about the strength of the economy.
While the Nasdaq has recovered 3.6 percent from its April low, it remains 4.8 percent below a 13-year high in March. Netflix Inc., which fell as much as 31 percent from its record two months ago, rallied 4 percent today.