The Dow Jones industrial average rose to an all-time high on Thursday as investors bet economic growth would pick up steam.
The index rose 150 points to a record high, led by Boeing, General Electric and Caterpillar. These names stand to benefit the most if economic growth ratches up.
The Nasdaq composite also hit a record high, as shares of Apple gained 0.6 percent. The S&P 500 gained 0.5 percent and reached an all-time high, with energy and industrials as the best-performing sectors.
The major averages rebounded from losses posted in the previous session.The S&P 500 and Nasdaq snapped a six-day winning streak on Wednesday. Investors fretted over the possibility of China halting its Treasury bond purchases and the U.S. pulling out of NAFTA.