U.S. stocks gained on Wednesday, with the Dow and S&P 500 finishing at records, as investors considered reports on manufacturing and housing in assessing the strength of the U.S. economy.
“People came in today to make sure there wasn’t bad news out of durable goods and housing, and there wasn’t. There were conflicting signals in housing,” said JJ Kinahan, chief strategist at TD Ameritrade.
The old Wall Street saying, ‘never sell a dull market,’ could be in play Wednesday, said Kinahan, who added: “all the action seems to be in crude and oil-service providers.”
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