U.S. stocks rally as technology shares propel Nasdaq to record

U.S. stocks rose to close higher Thursday with the Nasdaq finishing at a record as technology shares outperformed in a broad-based rally. Of the 11 S&P 500 industries, the information technology sector was the biggest winner, jumping 1.8%. Market sentiment recovered following a report that officials from the U.S. and China are working to resume trade negotiations to ease tensions. The Dow Jones Industrial Average DJIA, +0.91% gained 224 points, or 0.9%, to 24,925. The S&P 500 SPX, +0.87% rose 24 points, or 0.9%, to 2,798 while the Nasdaq Composite Index COMP, +1.39% climbed 107 points, or 1.4%, to 7,823.

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