S&P 500 Almost Tops Record Amid Recovery Bets: Markets Wrap
- S&P 500 rally continues after mixed corporate earnings
- Crypto stocks gain as Bitcoin surges past all-time high
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U.S. equities continued their rally into a sixth day, putting the benchmark S&P 500 within a whisker of its closing high.
The S&P 500 gained 0.4% as traders weighed company earnings against risks from inflationary pressures. Verizon Communications Inc. and Anthem Inc. were higher after better-than-expected results. Meanwhile, Novavax Inc. plunged on another vaccine delay, and Netflix Inc. was lower after an underwhelming outlook.