(TradingView)
Stocks hit new all-time highs again on Thursday as they rallied for a fifth straight day.
At 9:33 a.m. ET, the Dow is up 130 points (0.71%) to 18,502.41, the S&P 500 is up 13 points (0.65%) to 2,166.40 — new intra-day highs. The Nasdaq is up 35 points (0.71%.)
The indexes are extending a rally that gained speed on Friday after the June jobs report showed that the economy added many more jobs than expected. Globally, sentiment has been improved by the prospects of fresh fiscal stimulus in Japan that could lift its economy.
We got more strong data on the labor market on Thursday. The Labor Department reported that initial jobless claims rose by 254,000 last week, lower than the forecast for 265,000.
And, the producer price index for final demand rose 0.5%, more than expected.
Crude oil is higher, after a more than 4% drop on Wednesday that followed news of a build in gasoline inventories which outweighed a drop in crude inventories last week. West Texas Intermediate crude oil futures in New York are up 1.8% to $45.59 per barrel.
In earnings, JP Morgan reported second-quarter earnings that beat on the top and bottom lines.
Yum Brands reported after the market close on Wednesday, beating on earnings and raising its guidance for full-year operating-profit growth. Its shares rose 4% pre-market.
And, Delta said it would reduce routes between the UK and the US following the pound's steep drop after the UK referendum. The company topped forecasts for earnings but missed slightly on revenues.
The biggest tech IPO of the year is soaring in its debut. Line Corp., a Japanese mobile messaging app, jumped 30% in their debut on Thursday. The stock opened at $42 per share and had been priced at $32.84.
NOW WATCH: Watch Hillary's brutal attack ad showing children watching Trump's controversial statements
More From Business Insider