Modest gains on Wall Street

Business | 13 Jan 2021 9:15 am

Wall Street capped a wobbly day of trading Tuesday with modest gains, while Treasury yields extended their recent rally.

The S&P 500 inched up less than 0.1 percent after flipping between small gains and losses for much of the day. About 62 percent of companies in the index rose, with energy sector stocks notching the biggest gain as crude oil prices rose. Companies that rely on consumer spending also helped lift the market, outweighing declines in health care, communications and technology stocks.

Small-company stocks continued to outpace the rest of the market by a wide margin, a sign that investors are becoming more optimistic about an economic rebound.

The Russell 2000 small-cap index climbed to a record high.

The S&P 500 won 1.58 points at 3,801.19. The Dow Jones Industrial Average gained by 60 points, or 0.2 percent, at 31,068.69. The Nasdaq composite added 36 points, or 0.3 percent, at 13,072.43.

The three indexes remain close to the all-time highs each set on Friday.-AP


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