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More blowout profit reports from big tech companies pushed the S&P 500 to an all-time high Wednesday.

The benchmark index added 1 percent, even though most of the stocks within it closed lower. Technology stocks accounted for the lion’s share of the gains, outweighing losses in health care, utilities, energy and other sectors.

The S&P 500 has been notching record highs this month, adding to its remarkable turnaround this year from a nearly 34 percent skid this spring as the pandemic ravaged the economy. While the market’s movements have remained almost relentlessly upward in recent weeks, powered largely by big technology stocks, its momentum has slowed. Recent data reports have shown a mixed picture on the economy, where activity has largely slowed following its initial rebound from its plummet into recession.

The S&P 500 gained by 35.11 points at 3,478.73. The Dow Jones Industrial Average added 83.48 points, or 0.3 percent, at 28,331.92.

The Nasdaq composite, which is heavily weighted with technology stocks, climbed by 198.59 points, or 1.7 percent, at 11,665.06, its third-straight record high.

Smaller companies struggled. The Russell 2000 index of small-cap stocks fell 11.02 points, or 0.7 percent, to 1,560.19.-AP

S&P 500 vaults to another all-time high