S&P 500 Is a Whisker Away From Record Ahead of Powell Remarks
US stocks edged higher on Wednesday following an all-time closing high for the Nasdaq 100 Index as Wall Street readied for a second day of testimony from Federal Reserve Chair Jerome Powell before lawmakers.
The S&P 500 Index was up 0.3% as of 9:43 a.m. in New York, while the technology-heavy Nasdaq 100 climbed 0.6%, extending its record run. The milestone was reached as a combination of robust fundamentals and easing geopolitical tensions boosted the appeal of the growth-focused gauge.
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