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Wall Street edges up, led by financials, energy


Medha SinghLewis KrauskopfShashank Nayar
3 minute read
A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo
Wall Street’s main indexes edged higher on Tuesday, with gains in energy and financial shares countering declines in tech and healthcare, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.
The S&P 500 financial sector (.SPSY) hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector (.SPNY) over 3%. The heavyweight tech sector (.SPLRCT) dipped while healthcare (.SPXHC) was dragged down by a weak profit forecast from Abbott Laboratories (ABT.N). ....

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Wall Street indexes edge up with gains in energy and financial shares


By Lewis Krauskopf, Shashank Nayar and Medha Singh
(Reuters) - Wall Street s main indexes edged higher on Tuesday, with gains in energy and financial shares countering declines in tech and healthcare, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.
The S&P 500 financial sector hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector over 3%. The heavyweight tech sector dipped while healthcare was dragged down by a weak profit forecast from Abbott Laboratories.
Data showed U.S. manufacturing activity picked up in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor. ....

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Wall St ends little changed; energy gains, health sags


4 Min Read
(Reuters) - The S&P 500 dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.
FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo
The S&P 500 financial sector hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector 3.9%, its biggest one-day gain in nearly four months. The heavyweight tech sector fell while the healthcare sector was dragged down by a weak profit forecast from Abbott Laboratories. ....

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