Provided by Dow Jones
By Joe Wallace and Paul Vigna U.S. stocks rose Thursday as the S&P 500 crossed 4000 for the time and bond yields fell, easing near-term inflation fears. The broad stock gauge was up 1% at 4012, after closing out a fourth consecutive quarterly advance on Wednesday. The Nasdaq Composite jumped 1.5%, building on a 1.5% gain in the previous session. The Dow Jones Industrial Average rose 0.5%. For the S&P 500, the move from 3000 to 4000 took just 434 trading days, according to Dow Jones Market Data, by far the shortest gap between 1000-point milestones in the index s history. The move from 2000 to 3000, by comparison, took 1,227 trading days.
S&P 500 Closes Above 4000 for First Time
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S&P 500 Finishes Quarter Up 5 8%
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S&P 500 Rises But Just Misses New Record
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Provided by Dow Jones
By Will Horner and Paul Vigna The Dow Jones Industrial Average climbed more than 450 points to a record close Wednesday after fresh inflation data showed a muted increase and eased fears of a rapid rise in interest rates. The blue-chip index jumped 464.28 points, or 1.5%, to 32297.02, marking its 11th record of 2021 and first close above 32000. The S&P 500 gained 23.37 points, or 0.6%, to 3898.81. The Nasdaq Composite, meanwhile, lost 4.99 points, or less than 0.1%, to 13068.83, after rising more than 1.5% in morning trading on the back of Tuesday s strong rally. The gains for staid Dow stocks and losses for momentum-driven tech stocks are becoming a familiar pattern. Markets have seesawed in the past few weeks as investors have watched yields on U.S. government debt surge amid expectations of both higher inflation and an economic recovery.