Wall Street added to its recent milestones on Thursday as the market closed at an all-time high after Delta Air Lines kicked off earnings season with a solid outlook for the rest of 2025, spurring an airline stock rally.

The S&P 500 rose 0.3 percent to 6,280, inching past the record it set last week after a better-than-expected June jobs report.

The Nasdaq composite edged up 0.1 percent to 20,630, enough of a gain to notch a new high for the second day in a row. The Dow Jones Industrial Average finished 0.4 percent higher at44,650.

Delta surged 12 percent, bringing other airlines along with it, after beating Wall Street’s revenue and profit targets. The Atlanta airline also gave a more optimistic view for the remaining summer travel season than it had just a couple of months ago.

Delta’s encouraging report boosted the entire airline sector. United jumped 14.3 percent, American climbed 12.7 percent, JetBlue gained 7.8 percent and Southwest finished 8.1 percent higher.

The market has been steadying following a downbeat start to the week as the Trump administration renewed its push to use threats of higher tariffs on goods imported into the US in hopes of securing new trade agreements with countries around the globe.

Wednesday had been initially set as a deadline by Trump for countries to make deals with the US or face heavy increases in tariffs.

But with just two trade deals announced since April, one with the United Kingdom and one with Vietnam, the window for negotiations has now been extended to August 1.

Beyond airlines, most of the sectors in the S&P 500 notched gains on Thursday, led by banks and consumer-focused companies. JPMorgan and McDonald's each rose 1.8 percent.

Technology and communication services stocks were the only laggards. Autodesk fell 6.9 percent and Netflix ended 2.9 percent lower.

In economic news, the Labor Department reported on Thursday that applications for unemployment benefits, a proxy for layoffs, fell last week, remaining in the historically healthy range they’ve been in the past couple of years. (AP)