NEW YORK – U.S. stocks closed modestly higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.
The Nasdaq gained the most among the three major indexes, while the bellwether S&P 500 squeaked its way to a second straight record closing high.
For the week, the S&P and the Nasdaq advanced from last Friday’s close, while the Dow posted a small weekly loss.
The indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered o…
Keep on reading: Wall Street ekes out gains to close languid week