Stocks briefly extended gains with the S&P 500 rising 1 percent on Thursday after data showed U.S. manufacturing activity rose to its highest level since 2004.

The Dow Jones industrial average <.DJI> was up 96.59 points, or 0.89 percent, at 10,953.22. The Standard & Poor's 500 Index <.SPX> was up 11.28 points, or 0.96 percent, at 1,180.71. The Nasdaq Composite Index <.IXIC> was up 22.63 points, or 0.94 percent, at 2,420.59.

(Reporting by Caroline Valetkevitch; editing by Jeffrey Benkoe)