U.S. stocks posted modest gains on Tuesday as optimism about the economic reopening managed to offset lingering angst about inflation and price pressure.
The Dow Jones Industrials gained 46.25 points to close Tuesday at 34,575.70, after gaining as many as 300 points after the opening bell in New York.
The S&P 500 deleted 2.04 points to 4,202.07, as weakness in technology stocks offset gains made in energy, materials and financials.
The NASDAQ dipped 12.26 points to 13,736.48,
Markets in the U.S. were shuttered Monday for Memorial Day.
The Dow gains came as COVID cases continue to decline and vaccinations rise in the U.S. In a major milestone, more than half the U.S. population has received at least one dose of a COVID vaccination, according to data posted by the Centers for Disease Control and Prevention.
The improving domestic coronavirus situation, coupled with the arrival of summertime weather, sparked another day … Read the rest