Local stocks join the market in another good day Thursday

Local stocks join the market in another good day Thursday

Stocks found a new gear Thursday, revving the longest rally for Wall Street in a year and a half and taking some companies of local interest along for the ride.

The S&P 500 rallied 1.2% to reach heights untouched since April 2022.

The Dow Jones Industrial Average climbed 428 points, or 1.3%, while the Nasdaq composite rose 1.1%.

Target, Adtran and Synovus Financial Corp., all enjoyed gains of more than 3% on Thursday.

Target’s rebound from its recent 52-week low continued with a 3.5% increase to close at $137.84.

On the flip side, Community Health Systems and Honda fell 1.7 and 1.5%, respectively.