(Bloomberg) — Stocks rose a fifth day, sending the Dow Jones Industrial Average past 18,000 for the first time, while Treasuries fell as data showed the economy grew at the fastest pace in a decade. European equities extended a rally, the ruble advanced and oil climbed.

The Standard & Poor's 500 advanced 0.1 percent to a record at 10:38 a.m in New York, while the Dow average added 66.53 points to 18,025.97. The Nasdaq 100 Index retreated 0.4 percent as biotechnology shares in the gauge plunged a second day. The Stoxx Europe 600 Index increased 0.4 percent, heading for its sixth gain in the longest winning streak since April. The yield on 10-year Treasury notes rose four basis points to 2.20 percent. The Bloomberg Dollar Spot Index touched a five-year high as oil appreciated.

The world's largest economy surged by 5 percent in the third quarter, expanding at the fastest pace since the same period of 2003, as U.S. consumers and businesses spent more than previously estimated. The S&P 500 soared 5.4 percent over the previous four days after the Federal Reserve's pledge to be patient on the timing of interest-rate increases helped stocks recover from a plunge earlier this month.