Stocks end mostly higher, enough for S&P 500 to set a record

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Stocks end mostly higher, enough for S&P 500 to set record

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Financial companies also fell broadly. Capital One slid 4.4% and Discover Financial Services dropped 6.1%. Companies seem to be managing those higher costs and encouraging investors who had been uncertain in a very choppy market for weeks, said Sam Stovall, chief investment strategist at CFRA. Wall Street is also concerned that rising inflation will force more companies to raise prices on goods, which could result in lower consumer spending and a stalled economic recovery.

 

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