The Nasdaq, the S&P 500 and the Dow have been approaching their all-time closing highs in recent weeks and are now about 3%, 9% and 13%, respectively, below record closing levels New York: U.S.
stocks posted modest gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on lifting lockdown restrictions and signs of economic recovery.
Cyclical stocks like financials and industrials gave the biggest lift to the S&P 500 and the Dow, while tech shares boosted the Nasdaq. "There is that rotation going on as traders add more risk to their portfolios with securities that have been beaten up and should benefit as the economy recovers," said Tim Ghriskey, chief investment strategist at