US STOCKS-S&P 500 inches closer to record high; Nasdaq down

The S&P 500 was higher on Tuesday afternoon and within striking distance of its closing record from February, before the onset of the coronavirus crisis that caused one of Wall Street’s most dramatic crashes in history. The benchmark index was less than 1% away from the all-time closing high it hit on Feb. 19, when investors started dumping shares in anticipation of what proved to be the biggest slump in the U.S. economy since the Great Depression. The tech-heavy Nasdaq has led the charge, boosted by “stay-at-home winners” Amazon.com Inc, Netflix Inc and Apple Inc.


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