The S&P 500 hit a record high as Ford Motor, Chipotle Mexican Grill and other big stocks climbed following their latest earnings reports.
The S&P 500 rose 0.8% Wednesday and at one point was just a fraction of a point away from hitting 5,000 for the first time. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite climbed 0.9%.
A relatively calm day in the bond market helped keep things smooth, despite some concerns about investors’ ability to digest a $42 billion auction of 10-year Treasurys. New York Community Bancorp’s stock ended higher after another rollercoaster day.
On Wednesday:
The S&P 500 rose 40.83 points, or 0.8%, to 4,995.06.
The Dow Jones Industrial Average rose 156 points, or 0.4%, to 38,677.36.
The Nasdaq composite rose 147.65 points, or 0.9%, to 15,756.64.
The Russell 2000 index of smaller companies fell 3.27 points, or 0.2%, to 1,950.36.
For the week:
The S&P 500 is up 36.45 points, or 0.7%.
The Dow is up 22.94 points, or 0.1%.
The Nasdaq is up 127.69 points, or 0.8%.
The Russell 2000 is down 12.37 points, or 0.6%.
For the year:
The S&P 500 is up 225.23 points, or 4.7%.
The Dow is up 987.82 points, or 2.6%.
The Nasdaq is up 745.29 points, or 5%.
The Russell 2000 is down 76.71 points, or 3.8%.
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