US stocks drift toward their record after erasing almost all their 20% springtime drop

U.S. stocks are drifting closer to their record. The S&P 500 rose 0.4% Thursday and is just 0.5% below its all-time high, which was set in February. The Dow Jones Industrial Average added 207 points, and the Nasdaq composite gained 0.4%. McCormick helped lead the market after the seller of cooking spices delivered a better-than-expected profit report. Treasury yields held relatively steady in the bond market following a couple of better-than-expected reports on the U.S. economy, including on jobless claims and orders for long-lasting manufactured goods. Stock indexes were mixed across much of Europe and Asia.