Wall St. rallies for fifth day after Fed chair comments

NEW YORK (Reuters) - Wall Street extended its rally into a fifth straight session on Thursday with whipsaw trading as investors responded to mixed comments by U.S. Federal Reserve Chairman Jerome Powell, while a warning from Macy's pummeled retail stocks.

The Dow Jones Industrial Average <.DJI> rose 119.27 points, or 0.5 percent, to 23,998.39, the S&P 500 <.SPX> gained 11.5 points, or 0.44 percent, to 2,596.46 and the Nasdaq Composite <.IXIC> added 28.99 points, or 0.42 percent, to 6,986.07.

(Reporting by Noel Randewich; editing by Jonathan Oatis)