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Stocks manage modest gains overall; AMC nearly doubles

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Wall Street wrapped up another wobbly day of trading Wednesday with modest gains for the major stock indexes, as energy and technology companies kept losses elsewhere in the market in check.

AMC’s Adam Aron loves quoting Winston Churchill in earnings calls. Now he’s embracing the company’s memestock identity.

The S&P 500 rose 6.08 points to 4,208.12. The index is coming off its fourth straight monthly increase. The Dow Jones industrial average gained 25.07 points, or 0.1%, ending at 34,600.38. The Nasdaq composite recovered from an early slide, adding 19.85 points, or 0.1%, to close at 13,756.33. Economists are projecting that Friday’s Labor Department report will show employers added more than 650,000 jobs last month. Expectations of a strong increase in hiring have stoked worries about inflation and how the Fed responds to it. The concern is that the global recovery could be hampered if governments and central banks have to withdraw stimulus to combat rising prices.

 

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