The S&P 500 rose 0.6% to close at 4,796.56, a day after closing out 2021 with big gains for the third year in a row. The Dow rose 0.7% to 36,585.06 and the Nasdaq rose 1.2% to 15,832.80.
, a day after closing out 2021 with big gains for the third year in a row. The Dow rose 0.7% to 36,585.06 and the Nasdaq rose 1.2% to 15,832.80. Technology companies and banks were among the biggest winners. Electric car maker Tesla rose sharply after reporting strong delivery numbers for 2021. The yield on the 10-year Treasury note rose to 1.64%
Smaller company stocks outpaced the broader market in a signal that investors felt confident about economic growth. The Russell 2000 rose 0.6%. [Most read] Jeff Dickerson, a longtime Chicago Bears reporter for ESPN 1000, dies at age 43 after a bout with cancerBusinesses and consumers are also still dealing with supply chain problems and persistently rising inflation that has made a wide range of goods more expensive. The rising costs could threaten to crimp consumer spending and weaken economic growth.
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