The Nasdaq Composite Index rose for a fifth straight session on Thursday, putting the tech-heavy index on track for its biggest one-week percentage gain in more than three years. The Nasdaq COMP, +0.59% is up 4.3% thus far this week, which represents its best week since October 2014. The index has been supported by a broad recovery in the U.S. equity market, which has rebounded from recent concerns over inflation. Company news, such as strong results at Cisco Systems Inc. CSCO, +3.83% a large weight in the index, have also supported gains. The index rose 0.4% on Thursday, while the Dow Jones Industrial Average DJIA, +0.53% was up 0.6% and the S&P 500 SPX, +0.31% added 0.4%. The Dow is up 3.5% thus far this week while the S&P is up 3.4%. Both are poised for their biggest weekly percentage gain since November 2016.
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