Stock Market Today: Wall Street Jumps, and Its Winning Streak Kicks Into a Higher Gear

Stock Market Today: Wall Street Jumps, and Its Winning Streak Kicks Into a Higher Gear
Traders work on the floor of the New York Stock Exchange in New York City on May 4, 2023. Brendan McDermid/Reuters
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NEW YORK—Stocks swept higher Thursday, revving the longest rally for Wall Street in a year and a half into a higher gear.

The S&P 500 rallied 1.2 percent to reach heights untouched since April 2022. The Dow Jones Industrial Average climbed 428 points, or 1.3 percent, while the Nasdaq composite rose 1.1 percent.