Consumer Sector Helps Keep U.S. Stock ETFs on a Record Run

U.S. equities and stock exchange traded funds managed to touch new highs  as consumer sectors help bolster bullish sentiment and Federal Reserve minutes pointed to gathering momentum in the economy.

The S&P 500 Index, along with related funds including the SPDR S&P 500 ETF (NYSEArca: SPY), iShares Core S&P 500 ETF (NYSEArca: IVV) and Vanguard 500 Index (NYSEArca: VOO), were up 0.4% Thursday.

Among the leading areas of the market, consumer discretionary stocks in the S&P 500 gained 1.0% Thursday, with shares of Best Buy surging 21.0% after the electronics retailer raised profits and sales outlook for the year and revealed quarterly earnings that topped analysts’ estimates.

Analysts also looked to the S&P 500‘s back-to-back gains above the 2,400 level, arguing that the consecutive gains are providing technical support.