Stocks Gain to Post Year’s 70th Record Close: Markets Wrap
- Dow Jones Industrial Average also ends day at all-time high
- Signs that omicron is milder, China outlook among key themes
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U.S. stocks rose in thin trading as the slump in tech stocks abated amid speculation the economic recovery can weather the surge in coronavirus cases. Treasuries fell along with the dollar.
After spending much of the session little changed, the S&P 500 rose to reach the 70th record close of the year. The Dow Jones Industrial Average also ended the day at an all-time high, while the Russell 2000, a proxy for the reopening trade, rebounded. The tech-heavy Nasdaq 100, too, staged a comeback, erasing earlier losses.