Wall Street capped a wobbly day for stocks with modest gains Monday, nudging the major indexes further into record territory.
The modest gains follow a turbulent week for the market. A week ago, stocks fell sharply amid worries that fast-spreading variants of the coronavirus could threaten the economic recovery. But the swoon was short-lived, and the major stock indexes rallied to record highs Friday. “The mood still revolves around inflation and whether it is transitory or not,” said Keith Buchanan, senior portfolio manager at Globalt Investments.
Smaller companies fared slightly better than the broader market. The Russell 2000 index rose 7.27 points, or 0.3%, to 2,216.92.
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