Stocks ended higher on Wall Street Tuesday, sending the Nasdaq composite to another record.
The S&P 500 rose 0.5 percent, and is sitting just shy of its own all-time high. The Dow Jones Industrial Average added 0.3 percent. The Nasdaq composite climbed 0.8 percent.
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 percent, to 5,246.68.
The Dow Jones Industrial Average rose 126.60 points, or 0.3 percent, to 39,558.11.
The Nasdaq composite rose 122.94 points, or 0.8 percent, to 16,511.18.
The Russell 2000 index of smaller companies rose 23.57 points, or 1.1 percent, to 2,085.69.
For the week:
The S&P 500 is up 24 points, or 0.5 percent.
The Dow is up 45.27 points, or 0.1 percent.
The Nasdaq is up 170.31 points, or 1 percent.
The Russell 2000 is up 25.92 points, or 1.3 percent.
For the year:
The S&P 500 is up 476.85 points, or 10 percent.
The Dow is up 1,868.57 points, or 5 percent.
The Nasdaq is up 1,499.83 points, or 10 percent.
The Russell 2000 is up 58.62 points, or 2.9 percent.
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