Wall Street nudged a bit higher on Monday, and the S&P 500 teased even closer to its record high.
The benchmark index rose 0.3% to 3,381.99. Earlier in the day, it briefly crossed above its record closing level of 3,386.15, which was set on Feb. 19 before the pandemic shut down businesses worldwide and created the worst recession in decades.
It’s the third time in the last four trading days the index has risen above that record level, only to fade later in the day. Most other U.S. stock indexes also made gains, while Treasury yields gave up some of last week’s big rise.
The S&P 500 rose 9.14 points, or 0.3%, to 3,381.99.
The Dow Jones Industrial Average slipped 86.11, or 0.3%, to 27,844.91.
The Nasdaq composite rose 110.42, or 1%, to 11,129.73.
The Russell 2000 index of small company stocks gained 7.59, or 0.5%, to 1,585.47.
For the year:
The S&P 500 is up 151.21 points, or 4.7%.
The Dow is down 693.53 points, or 2.4%.
The Nasdaq is up 2,157.12 points, or 24%.
The Russell 2000 is down 83.00 points, or 5%.