S&P, Nasdaq hit yet another intraday record highs

US stocks traded with mild positive bias during the early hour of trading on Thursday, with both the S&P and Nasdaq hitting fresh intraday record highs immediately after the opening bell.

Rising oil prices supported energy shares, while persistent signs of underlying strength in the US labor market, as depicted by a sharp drop in weekly jobless claims, contributed towards the prevalent buoyant investors' sentiment. 

The gain, however, remained muted as investors continue to monitor the incoming earnings report in order to justify current high valuations and record setting rally since last November. 

At the time of writing, the Dow Jones Industrial Average was flat-lined near yesterday's closing level around 21,640, while the broader S&P 500 Index added 2-points to 2,476. Meanwhile, tech-heavy Nasdaq Composite Index climbed over 4-points and inched closer to the 6,400 mark.