S&P 500 Inches Closer to Record High

Major stock indexes rose Wednesday in a quiet session ahead of key inflation data and bank earnings. 

The S&P 500 added 0.6% to close within 0.3% of its record high, set just over two years ago. The Nasdaq Composite rose 0.8% and the Dow Jones Industrial Average was 0.5% higher. Stocks fell in the first week of 2024 but have regained ground since, with the S&P 500 turning positive for the year on Wednesday. 

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