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Market Snapshot: Nasdaq jumps to record high as U.S. stocks join global equity rally Thursday

U.S. stocks marched higher Thursday, with the Nasdaq Composite carving out fresh intraday record highs,as investor euphoria following the Federal Reserve’s most recent policy update on Wednesday spilled over into a second session.

The Fed stood pat on interest rates, but Chairwoman Janet Yellen indicated an interest-rate hike is likely by year’s end as she expressed confidence in the U.S. economy.

Better-than-expected jobless claims, which fell to their lowest tally since July, signaled a strong labor market and helped extend the optimism on Wall Street.

The Nasdaq Composite Index COMP, +0.80% advanced 46 points, or 0.9%, to 5,341, notching all-time intraday trading highs during the session.

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