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Major U.S. stock indexes edged up Tuesday, although weakness in tech and social media companies’ shares capped their gains.
The Dow Jones Industrial Average rose 60.00 points, or 0.2%, to close at 31,068.69, after fluctuating between small gains and losses throughout the day.
The broad-based S&P 500 rose 1.58 points, or less than 0.1%, to 3,801.19. The Nasdaq Composite rose 36.00 points, or 0.3%, to 13,072.43.
All three indexes closed at record highs on Friday, but retreated early this week.
Investors generally expect stocks to rebound this year, as vaccine rollouts and new government spending help the economy recover from the disruption caused by the pandemic. Still, some are bracing for volatility in the coming months amid risks resulting from high valuations in parts of the market, high coronavirus case rates and political uncertainty in the wake of last week’s attack. against the Capitol.
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