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Nasdaq and S&P 500 reach fresh record closing highs

By Business Standard - 5 months ago
The US stocks mostly edged up in last session, adding to latest gains on Wednesday. Tech stocks stayed in the limelight as the Nasdaq jumped 0.9% to 18,188.30 and the S&P 500 rose 0.5% to 5537. The Dow eased by 0.1% though to close at 39,308.00. The Nasdaq and the S&P 500 have once again reached new record closing highs with this spurt. Market is focusing on the US interest rates. The minutes of the June 11-12 meeting said participants noted that progress in reducing inflation toward the Fed's 2 percent target had been slower this year than they had expected last December.

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