The S&P 500 hit a record high as Ford Motor, Chipotle Mexican Grill and other big stocks climbed following their latest earnings reports.
The S&P 500 rose 0.8 percent Wednesday and at one point was just a fraction of a point away from hitting 5,000 for the first time. The Dow Jones Industrial Average added 0.4 percent, and the Nasdaq composite climbed 0.9 percent.
A relatively calm day in the bond market helped keep things smooth, despite some concerns about investors’ ability to digest a $42 billion auction of 10-year Treasurys. New York Community Bancorp’s stock ended higher after another rollercoaster day.
On Wednesday:
The S&P 500 rose 40.83 points, or 0.8 percent, to 4,995.06.
The Dow Jones Industrial Average rose 156 points, or 0.4 percent, to 38,677.36.
The Nasdaq composite rose 147.65 points, or 0.9 percent, to 15,756.64.
The Russell 2000 index of smaller companies fell 3.27 points, or 0.2 percent, to 1,950.36.
For the week:
The S&P 500 is up 36.45 points, or 0.7 percent.
The Dow is up 22.94 points, or 0.1 percent.
The Nasdaq is up 127.69 points, or 0.8 percent.
The Russell 2000 is down 12.37 points, or 0.6 percent.
For the year:
The S&P 500 is up 225.23 points, or 4.7 percent.
The Dow is up 987.82 points, or 2.6 percent.
The Nasdaq is up 745.29 points, or 5 percent.
The Russell 2000 is down 76.71 points, or 3.8 percent.
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