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April 30, 2021

S&P 500 hits another record

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks overcame a midday stumble on Wall Street to close broadly higher Thursday, driving the S&P 500 to another record high.

The benchmark index rose 0.7% after having been down 0.2% earlier. Communications companies helped power a big part of the gain, led by a sharp rise in Facebook following the company's latest quarterly report card. Banks also helped lead the rally, outweighing a pullback in health care and technology stocks. Treasury yields were mixed.


 
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