Stocks closed higher on Wall Street at the start of a holiday-shortened week. Tech and industrial companies climbed, and energy companies rose along with oil prices.
The S&P 500 and the Dow each rose 0.4%, and the Nasdaq climbed 0.5%. The yield on the 10-year Treasury held steady at 3.90%.
Biotech company RayzeBio doubled after agreeing to be acquired by pharmaceutical giant Bristol-Myers Squibb.
Wall Street closed its eighth straight winning week with a quiet finish on Friday following reports showing inflation is on the decline even as the economy appears stronger than expected.
On Tuesday:
The S&P 500 rose 20.12 points, or 0.4%, to 4,774.75
The Dow Jones Industrial Average rose 159.36 points, or 0.4%, to 37,545.33.
The Nasdaq composite rose 81.60 points, or 0.5%, to 15,074.57.
The Russell 2000 index of smaller companies rose 25.23 points, or 1.2%, to 2,059.19.
For the year:
The S&P 500 is up 935.25 points, or 24.4%.
The Dow is up 4,398.08 points, or 13.3%.
The Nasdaq is up 4,608.09 points, or 44%.
The Russell 2000 is up 297.95 points, or 16.9%.
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