The S&P 500 rose Wednesday, eking out its 70th record close of 2021.
The Dow Jones Industrials stayed positive 90.42 points to finish at 36,488.63. The blue-chip average closed at a record for the first time since November and posted its sixth-straight winning day.
The S&P 500 index marched ahead 6.71 points to 4,793.06. The S&P 500 has closed at a record 28% of the time in 2021. This year has seen the second-highest number of record closes ever, behind 77 closing highs in 1995.
The NASDAQ fell 15.51 points at 15,766.22.
Biogen surged roughly 9.5% and led the S&P 500 after a report in South Korean media that the biotechnology company is in talks to be acquired by Samsung. The deal would reportedly be worth more than $40 billion. Biogen declined to comment on the report.
Walgreens, Nike and Home Depot were the top gainers on the Dow, each … Read more