MARKET SNAPSHOT: Stock Market Ends At Record Levels After Extending Win Streak
By Victor Reklaitis and Anora M. Gaudiano, MarketWatch
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U.S. stocks posted modest gains Wednesday, extending their recent streak of advances that's taken all major benchmarks to record levels.
What stock benchmarks are doing
The S&P 500 ended at a record, rising for a seventh consecutive session. The benchmark index rose 3.16 points, or 0.1%, to 2,537.74, with six of its 11 main sectors closing in positive territory. Utilities and real estate shares led the gains, while the financials and technology sectors remained under pressure.
The Dow Jones Industrial Average closed at an all-time high, as it eked out a small gain of 19.97 points, or 0.1%, to 22,661.57. The blue-chip index has advanced in each of the past six sessions. Nike Inc. (NKE) and Caterpillar Inc. (CAT) led gains, rising 1.2% and 1%, respectively.
The Nasdaq Composite Index , meanwhile, advanced 2.91 points, or less than 0.1%, to 6,534.63, as gains were limited by a slump in technology shares. Shares of iPhone maker Apple Inc. (AAPL) , the biggest component on the Nasdaq, closed 0.7% lower.
What could drive markets?