U.S. stocks climbed for a second day as strong economic data helped ease investors’ concerns about the risks posed by Covid-19 and inflation.
The S&P 500 rose 1.0% in 4 p.m. trading, adding to Tuesday’s 1.8% advance. The Dow Jones Industrial Average gained 0.7%, or about 260 points, while the tech-heavy Nasdaq Composite advanced 1.2%.