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One reason for the sharp gains was the record pace of merger and acquisition activity.
But the sharp gains leave the market vulnerable if the outcome of Wednesday's Fed meeting does not meet market expectations.
The sharp gains, which continued through Wednesday, convinced some analysts that equities were at or near their bottom.
Although gasoline prices ended higher, they surrendered most of the sharp gains posted earlier on the New York Mercantile Exchange.
That's not much of a drop, after the sharp gains of the last nine years, and, especially, in 2017 and early this year.
But they could not maintain the sharp gains amid a falling wider market and the shares ended 51 pence, or 5.2percentt higher, at 873.5.
Similar(41)
But neither the discouraging home-price data nor the sharp gain in confidence appeared to have much impact on the stock market in the United States, which is winding down the year with light trading.
Prices might have raced even higher Thursday were it not for the sharp gain by the dollar against the euro.
That area was the sharp gain in labor productivity in the nonfarm business sector of the economy.
Respondents suggest that tablets are likely to see the sharpest gains in the run up to the summer.
The figures showed the sharpest gains around the country were still in London, with prices up 1.1% in a month, followed by the south-east, up 0.9%.
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