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U.S. stocks set more record highs after the latest wild swerves
for Chinese stocks left few ripples in markets worldwide.
The S&P 500 rose 0.7% Wednesday and beat the all-time high it
set last week. The Dow Jones Industrial Average added 1%, and
likewise set its own record. The Nasdaq composite gained 0.6%.
The relatively calm movements on Wall Street followed another
manic day in China. Stocks in Shanghai tumbled to their worst
loss since February 2020 amid disappointment that the government
is not offering more stimulus for the world’s second-largest
economy.
On Wednesday:
The S&P 500 rose 40.91 points, or 0.7%, to 5,792.04.
The Dow Jones Industrial Average rose 431.63 points, or 1%, to
42,512.
The Nasdaq composite rose 108.70 points, or 0.6%, to 18,291.62.
The Russell 2000 index of smaller companies rose 5.60 points, or
0.3%, to 2,200.59.
For the week:
The S&P 500 is up 40.97 points, or 0.7%.
The Dow is down 159.25 points, or 0.4%.
The Nasdaq is up 153.77 points, or 0.8%.
The Russell 2000 is down 12.21 points, or 0.6%.
For the year:
The S&P 500 is up 1,022.21 points, or 21.4%.
The Dow is up 4,822.46 points, or 12.8%.
The Nasdaq is up 3,280.27 points, or 21.9%
The Russell 2000 is up 173.51 points, or 8.6%.
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