U.S. stocks rose to another record Thursday as financial markets around the world rallied again.

The S&P 500 added 0.4% to set an all-time high for the third time this week and the 42nd time this year. The Dow Jones industrial average gained 260 points, or 0.6%, to finish just shy of its record, while the Nasdaq composite rose 0.6%.

Micron Technology led the way with a jump of 14.7% after the maker of computer memory and storage products delivered stronger profit for the latest quarter than analysts expected.

Jabil climbed 11.7% after the electronics manufacturer likewise reported stronger profit and revenue than expected.

But drops for Exxon Mobil and other oil-and-gas companies kept the market’s gains in check. Oil prices sank after The Financial Times reported through sources that Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude.

The price of a barrel of benchmark U.S. crude fell 2.9% to settle at $67.67, while the international standard of Brent crude fell 2.5% to $71.60. That dragged Exxon Mobil’s stock down 1.7%, and it was one of the heaviest weights on the S&P 500. ConocoPhillips sank 3.2%.

The biggest drop in the S&P 500 hit Super Micro Computer. Its stock tumbled 12.2% following a report from The Wall Street Journal saying the U.S. Department of Justice is probing the seller of servers and storage systems. The company declined to comment.

All told, the S&P 500 rose 23.11 points to 5,745.37. The Dow rose 260.36 to 42,175.11, and the Nasdaq composite gained 108.09 to 18,190.29.

In the bond market, the yield on the 10-year Treasury remained at 3.79%, where it was late Wednesday. The two-year yield, which more closely follows expectations for what the Federal Reserve will do with short-term interest rates, rose to 3.62% from 3.56%.

In stock markets abroad, jumps of 4.2% in Hong Kong and 3.6% in Shanghai led the way. Indexes also climbed 2.8% in Japan, 2.3% in France and 1.7% in Germany.

South Korean stocks jumped 2.9%, led by semiconductor maker SK Hynix, which launched production of a new memory chip for artificial intelligence.

— Associated Press