DOW 12,625.19 +46.24 +0.37%
CNBC.com Writer
Stocks finished modestly higher Thursday, posting a three-day rally, thanks to a better-than-expected jobless claims report and as financials rallied following BofA's earnings report.
Still, gains were largely muted throughout the session as investors hesitated to jump in following the recent run-up in stocks.
"When the market marches higher as has for the last three weeks, it’s not a news event that triggers the pullback, it just appears to come out of nowhere and of course when you least expect it," wrote Elliot Spar, market strategist at Stifel Nicolaus, in his daily note.
The Dow Jones Industrial Average rose 45.03 points, or 0.36 percent, to close at 12,623.98,
The S&P 500 added 6.46 points, or 0.49 percent, to finish at 1,314.50. The Nasdaq gained 18.62 points, or 0.67 percent, to end at 2,788.33.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, slipped near 20.
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