S&P 500 sets a record after Wall Street breaks out of its lull

U.S. stocks rose to a record Wednesday after breaking out of their three-day lull. The S&P 500 climbed 44.91 points, or 0.9%, to 5,248.49. It was the first gain for the index since it set its last all-time high on Thursday. The Dow Jones industrial average jumped 477.75 points, or 1.2%, to 39,760.08, and the Nasdaq composite rose 83.82 points, or 0.5%, to 16,399.52. Both finished a bit shy of their own records.

In the bond market, Treasury yields slipped on a day with few economic reports to shake things up. The yield on the 10-year Treasury fell to 4.19% from 4.23% late Tuesday. This week’s highlight for the bond market may be arriving Friday, when the U.S. government releases the latest monthly update on spending by U.S. consumers. It will include the measure of inflation that the Federal Reserve prefers to use as it sets interest rates. The U.S.

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Stock market today: S&P 500 sets a record after Wall Streets breaks out of its lullU.S. stocks broke out of a three-day lull to close at a record. The S&P 500 added 0.9% Wednesday, beating the all-time high it set last week. The Dow Jones Industrial Average climbed 1.2%, and the Nasdaq composite added 0.5%. The Dow and Nasdaq closed just short of their own records.
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