Stocks are drifting on Wall Street Tuesday, and the S&P 500 is once again bouncing against its record closing level, which has been acting as its ceiling in recent days.The S&P 500 was virtually flat at 3,382.24 in midday trading.
Earlier, it briefly rose above its record closing high of 3,386.15, which was set in February before the pandemic pancaked the economy.
It’s the fourth time in the last week that’s happened, and each past time, the index faded back below that record level during the afternoon.This is the first day, though, that the S&P 500 crested above 3,393.52, which had stood since Feb.