Semiconductor stocks extended last year's strong gains, with Advanced Micro Devices +7.1%, Taiwan Semiconductor +3.3%, Micron Technology +3%.
Apple Inc.'s stock, which was 2019's best performer with an 86% gain, rose 0.8% to put it on track to open at a record high. Chipmakers, which were among the best performers past year, outperformed once again on Thursday. Meanwhile, Dow futures rose 168 points.
Trahan sees USA equities heading lower in the first half of the year before recovering just in time for the election.
Shares of the electric auto maker jumped more than 1.6% in the premarket after an analyst at Canaccord Genuity hiked his price target to $515 per share from $375 per share. Helmerich & Payne climbed 2.5%.
At the closing bell, the Dow Jones Industrial Average stood at 28,871.11, up 1.2 percent. KLA and Intel rose by 2.5% and 1.7%, respectively. Technology stocks accounted for a good part of the upward move.
Analysts also cited a policy shift by the People's Bank of China, which said it would lower the amount of cash lenders must keep in reserve.
Rangers remember Ibrox Disaster victims 49 years on
Celtic equalised just before half-time when Callum McGregor 's shot was deflected into the net off the arm of Odsonne Edouard . Christie struck his penalty low and hard but Alan McGregor got down to his left to turn the ball to safety.
The Nasdaq, which closed above 9,000 for the first time in late December, has marked 31 new highs this year, beating last year's 16 times. The decision sent stock indexes around the world higher as investors cheered China's latest step to rejuvenate its slowing economy.
On the economic front, US consumer confidence decreased to 126.5 in December from 126.8 in November, according to a report released by The Conference Board, a New York-based member-driven economic think tank, on Tuesday.
Earlier this week, President Donald Trump tweeted that he will sign the initial trade deal with China at the White House this month. The sector ended the session up 1.7%.
The Benchmark United States crude oil lost 62 cents to settle at $61.06 per barrel. Brent crude, the global standard, gained 23 cents to $67.10 per barrel.
Gold rose $5.00 to $1,524.50 per ounce, silver rose 14 cents to $17.97 per ounce and copper rose 4 cents to $2.83 per pound. Germany's markets were closed. In Europe, the German Dax rose 1% while the French CAC 40 jumped 1.1%.
The Shanghai Composite index gained 0.3% to 3,050.12, reversing earlier losses, after the government released a monthly survey showing Chinese manufacturing held steady in December.