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The S&P 500 rose on Tuesday, trading near a record as stocks stay resilient despite rising global trade fears and persistent inflation worries.
The Dow Jones Industrials backed off 139.78 points to begin the week at 44,406.30
The much-broader index gained 0.09 points to 6,114.72
The tech-heavy NASDAQ inched up 4.18 points to 20.030.95.
Wall Street is coming off a winning week for the major averages. The Dow gained roughly 0.6% last week, while the S&P 500 advanced 1.5%. The NASDAQ rose 2.6%.
Much of last week’s advance came Thursday after President Donald Trump’s plan for reciprocal tariffs on countries with levies on U.S. goods soothed investors who worried they would be more stringent.
Stocks have been choppy to start the year but, even with ongoing concerns around trade and inflation, a look at the major averages show that they are not too far off their recent highs as investors scan for a catalyst for the next leg higher.
Prices for the 10-year Treasury won new life, lowering yields to 4.52% from Friday’s 4.48%. Treasury prices and yields move in opposite directions.
Oil prices grabbed 76 cents to $71.50 U.S. a barrel.
Prices for gold popped $44.30 an ounce to $2,945 U.S.
