Stocks surged Thursday after new data soothed inflation concerns and the price of oil tumbled to its lowest level in five months. The advance carried the Nasdaq x to a new 52-week high.
The Dow Jones Industrial Average rose 45.46, or 0.4 percent, to 10,720.22. The Nasdaq Composite Index rose 32.53, or 1.5 percent, to 2,220.46, exceeding its previous 52-week high reached in July. The Standard & Poor’s 500 Index rose 11.59, or 0.9 percent, to 1,242.80.
