U.S. stocks closed about 1 percent higher on Thursday, with the Nasdaq topping its intraday high from March 2000. The Fed's dovish statement from Wednesday afternoon boosted investor sentiment amid the Greece debt talks. (Tweet This)
There's "confidence the Fed is not going to be moving aggressively," said Robert Pavlik, chief market strategist at Boston Private Wealth. He said without the Greek overhang, "I think the markets do even better."
The Nasdaq Composite gained more than 1 percent to end above its closing high set in late May and its all-time record high of 5,132.52 set in intraday trade on March 10, 2000, during the tech bubble.
However, the Nasdaq 100 did not reach records and remains about 6 percent off its record, set in March 2000.
"I think (the Nasdaq high) is interesting but nothing that folks are going crazy over," said JJ Kinahan, chief strategist at TD Ameritrade. "They have benefited greatly from the Information Technology area and the Consumer Discretionary areas of the Nasdaq 100 as both have performed well over the last year. The market has benefited also from a few days of risk avoidance going into the Fed."