U.S. stocks inched higher on Thursday led by the technology sector, as the market looked to continue February’s momentum.

The Dow Jones Industrials added to Wednesday’s closing high, tacking on 26.58 points to 31,464.38.

The S&P 500 restored 7.06 points, or 0.2%, to 3,916.43. Tech was the best-performing sector, rising more than 1%.

The NASDAQ Composite recovered 44.74 points to begin Thursday at 14,015.89, as Microsoft, Apple and Facebook climbed.

On the data front, new claims for jobless benefits came in at 793,000 last week, worse than an estimate of 760,000 from economists polled by Dow Jones.

Federal Reserve Chairman Jerome Powell said Wednesday that the economy faces challenges in the labor market, and so monetary policy needs to stay “patiently accommodative.” In remarks at the Economic Club of New York, Powell said the employment picture is a “long way” from where it needs to be.

Investors also took comfort in a solid earnings season. Of the S&P 500 components that have reported earnings thus far, more than 80% have topped Wall Street’s expectations, according to analysts.

Prices for 10-Year Treasurys backpedaled, propelling yields to 1.15% from Wednesday’s 1.12%. Treasury prices and yields move in opposite directions.

Oil prices dipped 14 cents to $58.54 U.S. a barrel.

Gold prices took on a dollar to $1,843.70 U.S. an ounce.