BREAKING: The S&P 500 hits a new all-time high.
Kinahan: Big retailers and tech companies have had an amazing opportunity during the pandemic to show what they can doThe S&P 500 rose on Tuesday, breaking above an all-time high that was set before the coronavirus pandemic sent the broader market index tumbling.
The Nasdaq Composite also hit a record, trading 0.6% higher. The Dow Jones Industrial Average advanced 39 points, or 0.1%.Earlier this year, the S&P 500 tumbled more than 30% from its February record as the coronavirus pandemic sent profit expectations and economic activity tanking. However, the benchmark index for the U.S. stock market did not stay down for long.
Senate Republicans plan to introduce a narrow coronavirus relief plan that also includes $10 billion for the U.S. Postal Service, NBC News reported Monday evening.
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