MARKET UPDATE

Dow Rises More Than 160 Points To Notch Third Straight Day Of Gains

U.S. stocks climbed Thursday as the market tried to build on its recent gains, and traders looked ahead to key inflation data next week as well as the Federal Reserve's latest policy announcement.

The Dow Jones Industrial Average gained 168.59 points, or 0.5%. The S&P 500 traded 0.6% higher, while the Nasdaq Composite climbed 1%.

Amazon led tech shares higher after bullish analyst commentary. The tech giant's shares rose more than 2% and pulled the Technology Select Sector SPDR Fund up 1% Thursday.

The S&P 500 is coming off a down session but is still within striking distance of the key 4,300 level. The broader market index also hit its highest level since late August this week, adding to a 2.2% rally month to date. The index is higher 7% over the past three months.

Source : CNBC

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