Broad gains for stocks push S&P 500, Nasdaq to record highs

Published October 28, 2021 3:10 PM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks closed broadly higher on Wall Street Thursday, marking more record highs for the S&P 500 and the Nasdaq. The Dow Jones Industrial Average also rose but landed just shy of the record high it set on Tuesday. Small-company stocks rose more than the rest of the market, a sign that investors are feeling more optimistic about the economy. Ford jumped 8.7% after reporting earnings that easily beat analysts’ forecasts and raising its outlook for the year. Heavy equipment maker Caterpillar rose 4.1% after turning in strong results. The yield on the 10-year Treasury rose to 1.57%.

Article Topic Follows: AP National Business

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