Stocks advanced to another record as solid corporate earnings overshadowed a disappointing manufacturing report.
The S&P 500 rebounded from earlier losses, led by gains in energy and consumer-discretionary firms. The Dow Jones Industrial Average touched the 36,000 level for the first time. A gauge of small caps jumped 2.7%. Electric-vehicle giant Tesla Inc. surged amid a lithium supply deal and the start of the COP26 climate summit. In late trading, Clorox Co. climbed after the maker of cleaning products posted better-than-expected sales.
