Provided by Dow Jones
By Joe Wallace and Karen Langley The S&P 500 hovered in record territory Tuesday after signs of rapid economic recovery propelled it to an all-time high a day earlier. The broad U.S. stock index edged up less than 0.1%, after notching its 17th record close of 2021 on Monday. The Dow Jones Industrial Average slipped 0.1%, or about 36 points, from its own closing record. The tech-heavy Nasdaq Composite added 0.1% and remains down about 2.6% from its February record. Stocks have leapt to start the second quarter on optimism that government spending, vaccinations and the relaxation of restrictions are unleashing a spell of swift economic growth. A series of data have offered evidence that a rebound in activity and hiring is under way a year after the pandemic slammed the brakes on the economy.
Stocks Steady After Indexes Hit Records
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S&P, Dow Edge Lower in Early Trading
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