The S&P 500 rose slightly on Wednesday, hovering near an all-time high, following its muted start to June.
The Dow Jones Industrials leaped 106.15 points to begin mid-week Wednesday at 34,681.46
The S&P 500 captured 12.78 points to 4,214.82.
June is historically a weak month for stocks, but Instinet points out that the S&P 500 has had a better track record recently, gaining every June since 2016.
The NASDAQ grabbed 29 points to 13,765.47.
Stocks tied to the economic reopening were a bit weaker on Wednesday. Retails Gap, Kohl’s, Nordstrom and Macy’s were lower. MGM Resorts and Wynn Resorts were also in the red.
AMC shares were surging again, up another 26%. The meme stock was up 22% on Tuesday after raising $230.5 million through a stock sale.
Zoom Video shares popped more than 1% after the company reported blowout earnings on Tuesday. Sales grew 191% in the first quarter.
Inflation fears, and the ways in which the Federal Reserve might respond, have weighed on sentiment recently, although the major averages are still hovering around all-time highs.
Prices for 10-Year Treasurys strengthened, lowering yields to 1.59% from Tuesday’s 1.63%. Treasury prices and yields move in opposite directions.
Oil prices climbed 57 cents to $68.29 U.S. a barrel.
Gold prices recovered $1.10 to $1,906.10 U.S. an ounce.