Stocks ended higher on Wall Street Tuesday, sending the Nasdaq composite to another record.
The S&P 500 rose 0.5%, and is sitting just shy of its own all-time high. The Dow Jones Industrial Average added 0.3%. The Nasdaq composite climbed 0.8%.
Several “meme” stocks raced higher including GameStop and AMC Entertainment in an echo of the social-media driven frenzy of three years ago.
Treasury yields edged lower in the bond market following a mixed report on wholesale inflation.
Markets will be even more focused on the government’s report due out early Wednesday on inflation in consumer prices.
On Tuesday:
The S&P 500 rose 25.26 points, or 0.5%, to 5,246.68.
The Dow Jones Industrial Average rose 126.60 points, or 0.3%, to 39,558.11.
The Nasdaq composite rose 122.94 points, or 0.8%, to 16,511.18.
The Russell 2000 index of smaller companies rose 23.57 points, or 1.1%, to 2,085.69.
For the week:
The S&P 500 is up 24 points, or 0.5%.
The Dow is up 45.27 points, or 0.1%.
The Nasdaq is up 170.31 points, or 1%.
The Russell 2000 is up 25.92 points, or 1.3%.
For the year:
The S&P 500 is up 476.85 points, or 10%.
The Dow is up 1,868.57 points, or 5%.
The Nasdaq is up 1,499.83 points, or 10%.
The Russell 2000 is up 58.62 points, or 2.9%.
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