NEW YORK Cheap Air Force 1 Black Mid Sale , Dec. 26 (Xinhua) -- U.S. stocks rallied Thursday after Christmas, with the Dow Jones Industrial Average and the S&P 500 extending their record run, as investors showed little intention to lock in gains following better than expected jobs data.

The blue-chip Dow advanced 122.33 points, or 0.75 percent, to 16 Cheap Air Force 1 Black Sale ,479.88, marking its 50th record close of this year. The S&P 500 gained 8.70 points, or 0.47 percent, to 1, 842.02. The Nasdaq Composite Index added 11.76 points Cheap Air Force 1 White Low Sale , or 0.28 percent, to 4,167.18.

After successive record advances recently, both the Dow and S&P 500 were on track for the best percentage gain in over one and a half decades. While the Nasdaq notched a highest level, not seen since September 2000.

The number of Americans who initially applied for jobless benefits dropped 42 Cheap Air Force 1 White Mid Sale ,000 to 338,000 in the week ending Dec. 21, the Labor Department said Thursday.

Responding to the encouraging data, the U.S. 10-year Treasury yield pierced through 3 percent for the first time since September, triggered by the speculation that the U.S. Federal Reserve may step up an exit from its massive bond buying program following a string of upbeat economic data.

The volume of the U.S. stock market is expected to be low in the Christmas holiday shortened week Cheap Air Force 1 White Sale , with many traders off work, which would amplify market volatility.

Wall Street is likely to see a "Santa Claus" rally in December, with continued upward momentum, as there seems to be an absence of headwinds toward the end of this year.

In overseas markets, the Japanese stock market marched higher to a six-year high Thursday Cheap Air Force 1 Off White Sale , one day after its benchmark index Nikkei ended above 16,000 points for the first time since 2007.

However, the Chinese stock market snapped its three-day rally Thursday, with the benchmark Shanghai Composite Index losing 1.58 percent, after a report from China's State Council said Wednesday that the country's economic growth is likely to stand at 7.6 percent this year Cheap Air Force 1 Flyknit Low Womens Sale , slightly lower than 7.7 percent last year.

In corporate news, shares of United Parcel Service (UPS) edged up 0.20 percent to 104.67 U.S. dollars, while FedEx Corporation shares ticked up 0.92 percent to 143.30 dollars. Both companies are scrambling to deliver delayed Christmas packages that flooded in ahead of the holiday and exceeded their capacity.

On other markets, the U.S. dollar climbed against most major currencies on Thursday and rose to a five-year high against Japanese yen on increasing policy divergence of U.S. and Japan's central banks.

The Bank of Japan is expected to maintain its ultra easy monetary policy or even add more monetary stimulus. It said last week after a two-day meeting that they would maintain monetary easing measures until annual inflation is stable at 2 percent. Whereas the U.S. central bank had initiated a modest tapering of its bond purchases last week.