After moving sharply higher early in the session, stocks continue to see significant strength in afternoon trading on Wednesday. With the upward move, the Nasdaq and the S&P 500 have reached new record intraday highs.
The S&P 500 and Nasdaq
eked out record closing highs on Monday, although investors were
cautious ahead of this week s consumer prices report and a
Federal Reserve policy announcement. .
U.S. stock market hesitant ahead of CPI reading, FOMC sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
The major U.S. stock indexes saw minor gains as investors remained cautious ahead of the Consumer Price Index report and a Federal Reserve policy announcement. The central bank is expected to hold interest rates steady, with investors seeking clues on future rate cuts. Apple shares dropped, while Southwest Airlines saw gains.