The U.S. stock market was approaching another record on Thursday, the Associated Press reports, with the S&P 500 0.4% higher in early trading and just 0.5% below its all time high from February. The Dow Jones Industrial Average was up 0.5% as well, and the Nasdaq was 0.4% higher.
Cooking spices retailer McCormick rallied 5.3% after delivering a better-than-anticipated profit report. The company’s forecast for profit over its full fiscal year also beat analysts’ expectations.
Micron Technology, which sells computer memory and data storage, was up 0.3% after it reported stronger profit and revenue for the latest quarter than analysts anticipated.
Chipmaker Nvidia added 0.5%, bringing its gain for the year to 15.3%. It is the U.S. stock market’s most valuable company.
Crude prices made up some ground after dropping by around $10 per barrel earlier this week. Benchmark U.S. crude oil rose 1% to $65.55.
