S&P 500, Nasdaq close at records as data signals continued recovery | Markets Insider

S&P 500, Nasdaq close at records as data signals continued recovery

but ended the session below the threshold. The S&P 500 and Nasdaq composite erased their year-to-date losses months ago on surging tech stocks. The Dow's smaller exposure to the sector delayed its turning positive for the year.. The central bank will now aim for 2% inflation averaged out over time, signaling periods of stronger inflation to balance out today's lower rate.

"In theory, by aiming for 2% average inflation, the central bank should hold off a little longer before raising interest rates. Whether they do so to any significant degree is another thing," Erlam said.

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