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Nasdaq and the Dow were held back by Cisco Systems, however, after the networking giant reported disappointing results on Wednesday. Cisco shares fell as much as 13 percent on Thursday.
The Dow Jones industrial average was up 54.59 points, or 0.35 percent, at 15,876.22. The Standard & Poor’s 500 Index was up 8.62 points, or 0.48 percent, at 1,790.62. The Nasdaq Composite Index was up 7.17 points, or 0.18 percent, at 3,972.74.
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