U.S. equity benchmark indexes closed in record territory Wednesday, as investors drew hope from progress in the development of tests and vaccines for COVID-19.
Investors largely ignored a mixed batch of economic reports, including a private-sector jobs reading that came in weaker than expected, suggesting only a slow recovery from the coronavirus pandemic.
How did the benchmarks perform?
The Dow Jones Industrial Average (DJIA)surged 454.84 points, or 1.6%, ending at 29,100.50, or 1.5% away from its Feb. 12 closing high of 29,551.42. The S&P 500 index (SPX) climbed 54.19 points, or 1.5%, to settle at a record 3,580.84, its 22nd record close this year. The Nasdaq Composite Index (COMP) advanced 116.78 points to close at a record 12,056.44, a gain of 1%, and its 43rd record close of the year.
On Tuesday, the Dow rose 215.61 points to end at 28,645.66, or