The S&P climbed 0.7 percent, as did the Dow Jones industrial average, while the tech-heavy Nasdaq Composite Index rose 0.8 percent. It was the fourth consecutive day that the US stock market rose.
Technology companies accounted for a significant portion of the gain. Dell, which said it had received a record order for AI servers, rose 5.8 percent. Other winners were Broadcom and Microsoft, up 3.3 percent and 1.8 percent, respectively.
Clothing chain Urban Outfitters also rose sharply after the company reported quarterly profits that exceeded analysts' forecasts. The stock surged 13.5 percent.
Deere, the world's leading manufacturer of tractors and harvesters, fell 5.7 percent after a weak interim report.
On Thursday, Americans celebrate Thanksgiving and the stock market is closed.
Corrected: In an earlier version of the text there was an inaccuracy about how many consecutive days the stock market had risen.
