Stocks close at new highs—again. What’s next.
Stocks rose to new all-time highs on Tuesday as economic data beat estimates.
The $Dow Jones Industrial Average (.DJI.US)$rose 9 points, or 0.03%. The $S&P 500 Index (.SPX.US)$rose 0.03% and closed at a record 4,291.90. The $Nasdaq Composite Index (.IXIC.US)$rose 0.2%also closing at a new high of 14,528.33.
Global stocks are up about 90% from the worst of the market panic over the pandemic in March last year, helped by the rollout of vaccines....