NASDAQ, S&P Close as Fresh New Highs

The S&P 500 ticked higher in Wednesday’s shortened trading session as investors appeared to look past sluggish economic data.

The Dow Jones Industrials deleted 23.85 points to close Wednesday at 39,308, dragged down by a drop of more than 1.5% in UnitedHealth.

The much-broader index grew 28.01 points to 5,537.02.

The NASDAQ charged ahead 159.54 points to 18,188.30, as mega-cap technology names like Tesla and Nvidia rallied.

Both S&P and NASDAQ touched fresh all-time highs in the session and were on pace for record closes.

Trading volume was muted Wednesday with the New York Stock Exchange closing early at 1 p.m. ET. The exchange will be shut on Thursday for Independence Day.

Artificial intelligence darling Nvidia jumped around 3.5%, also helping the tech-heavy NASDAQ outperform.

Prices for the 10-year Treasury gained lots of ground, lowering yields to 4.35% from Tuesday’s 4.43%. Treasury prices and yields move in opposite directions.

Oil prices regained 32 cents at $83.13 U.S. a barrel.

Gold prices strengthened $32.00 to $2,365.40

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