Wall Street treads water after record rally on economic rebound hopes

By Medha Singh and Shivani Kumaresan (Reuters) – Wall Street’s main indexes treaded water on Tuesday as investors stayed on the sidelines a day after the S&P 500 and the Dow closed at record highs on renewed recovery hopes. The S&P 500 has risen for three straight sessions with volatility index retreating to pre-pandemic lows, driven by fiscal stimulus packages and swift COVID-19 vaccinations in the United States. Areas of the market expected to benefit the most from a reopening economy – energy, financials industrials – outperformed on Tuesday. The small-cap Russell 2000 added about 0.4%, whi…

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HEDGE accordingly