Stocks moved mostly higher during trading on Thursday, adding to the moderate gains posted in the previous sessions. The major averages all moved to the upside on the day, with the S&P 500 reaching a new record closing high.

The Nasdaq led the way higher, advancing 214.54 points or 0.8 percent to a two-month closing high of 26,803.03. The S&P 500 also climbed 50.49 points or 0.7 percent to 7,798.99, while the narrower Dow posted a more modest gain, inching up 69.72 points or 0.1 percent to 53,839.99.

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