Kohl's Corp KSS.N rose 2.7% after TD Cowen upgraded the department store operator to "outperform" from "market perform". By Noel Randewich and Shristi Achar A June 15 (Reuters) - The S&P 500 and Nasdaq surged on Thursday to close at their highest in 14 months, as investors cheered economic data that fueled bets that the U.S. Federal Reserve is nearing the end of its aggressive interest-rate hike campaign. Treasury yields slid after a slew of economic data pointed to easing inflation, helping offset worries about future rate hikes and boosting Apple AAPL.O and Microsoft MSFT.O to record highs.