Major indexes closed higher Thursday, bringing the S&P 500 to another record high and out of the red for the week.
Bond yields mostly fell despite a much-anticipated report showing a big jump in inflation last month. Consumer prices rose 5% in May, the biggest year-over-year increase since 2008 and more than economists had expected.
On Thursday:
The S&P 500 rose 19.63 points, or 0.5%, to 4,239.18.
The Dow Jones Industrial Average rose 19.10 points, or 0.1%, to 34,466.24.
The Nasdaq rose 108.58 points, or 0.8%, to 14,020.33
The Russell 2000 index of smaller companies fell 15.72 points, or 0.7%, to 2,311.41.
For the week:
The S&P 500 is up 9.29 points, or 0.2%.
The Dow is down 290.15 points, or 0.8%.
The Nasdaq is up 205.85 points, or 1.5%.
The Russell 2000 is up 25 points, or 1.1%.
For the year:
The S&P 500 is up 483.11 points, or 12.9%.
The Dow is up 3,859.76 points, or 12.6%.
The Nasdaq is up 1,132.05 points, or 8.8%.
The Russell 2000 is up 336.55 points, or 17%.
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