New York ? Wall Street advanced Thursday on news that the economy grew at a much stronger than expected pace in the second quarter.

The market also rose for the month of July, with its standout achiever the Nasdaq composite index climbing for a sixth straight month — a feat not seen in eight years.

The Dow Jones industrial average and the Standard & Poor’s 500 index completed a five-month winning stretch, something they hadn’t accomplished since 1999.

After climbing as much as 161.35 in earlier trading, the Dow closed up 33.75, or 0.4 percent, at 9,233.80. The gain erased some of the 84.52 lost in the previous three sessions.

The broader market also was higher. The Nasdaq rose 14.11, or 0.8 percent, to 1,735.02, and the S&P advanced 2.82, or 0.3 percent, to 990.31.