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Stocks ended higher amid light volume for a second straight day Thursday following a pair of upbeat economic reports.
The Dow Jones Industrial Average rose 28.23 points, or 0.3 percent, to close at 10,415.24, led by Alcoa , JPMorgan and Johnson & Johnson , after rising half a percent in the previous session .
The S&P 500 gained 5.31 points, or 0.5 percent, to close at 1,104.18. And the Nasdaq rose 7.33 points, or 0.3 percent, to 2,236.20. TheCBOE Volatility Index, widely considered the best gauge of fear in the market, fell below 23.
Most key S&P sectors finished higher, led by financials, health care and telecom, while materials was down.
Although growth is expected to be slow, this is a good chance for investors to buy into some high quality companies, said Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates.
“Investors can really create a diversified portfolio with a bunch of stocks that we haven’t been able to buy in the last decade that not only have exposure to the U.S. but all across emerging markets,” Sethi told CNBC.
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