U.S. stocks rose to another record Thursday as financial markets around the world rallied again. The Standard & Poor's 500 added 0.4% to set an all-time high for the third time this week and the 42nd time this year.

At least, that was the case as of Tuesday’s close, when the U.S. benchmark saw its year-to-date advance top 20% for the first time since the start of 2024, according to Dow Jones Market Data. The achievement happened to coincide with the index’s 41st record close of the year.

Shares are higher in Asia following reports that China plans to spend billions of dollars to help rebuild the capital of state-run banks. Bloomberg and other reports cited unnamed sources