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Stocks Come Off Highs but Remain on Track for Record Close

The S&P 500 came off session highs by Thursday afternoon, though remained on track for a record close for the fourth time this week.

The benchmark index gained 0.56%, the Dow Jones Industrial Average climbed 0.8%, and the Nasdaq added 0.6%. Thursday marks the fifth day of gains.

The S&P 500 and Dow clinched new record closes on Wednesday, though just barely, after a day of wavering between gains and losses. New records were also made on Monday and Tuesday after a better-than-expected U.S. jobs report brought relief over the state of the U.S. economy.

The Bank of England opted to leave its key interest rate at 0.5% in the first monetary decision since the United Kingdom voted to exit the European Union. The central bank also held steady on its 375-billion-pound...