S&P 500 Ticks Higher for Another Record Close on Tuesday
The S&P 500 inched higher Tuesday, eking out another record close.
The broad market index added 0.05%, while the Dow Jones Industrial Average shed 76 points, or nearly 0.2%. The Nasdaq Composite advanced 0.4% after hitting a new intraday high earlier in the session.
“U.S. equities are trending sideways today in front of Friday’s job report, which may provide insight into what the Fed might do following its December 17 and 18 FOMC meeting,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. “On balance, we think there’s much to like about U.S. equities, despite a wall of worry that looms on the horizon.”
“Inflation, interest rates and earnings are supportive of a risk-on bias, and technological advances such as Gen AI continue to expand markets while pushing equities higher,” he added.
Source : CNBC
