S&P 500 Hits Record High as Cyclical Stocks Ride Jobs Data Higher

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S&P 500 Hits Record High as Cyclical Stocks Ride Jobs Data Higher

By Yasin Ebrahim

Investing.com – The S&P 500 rose to an intraday record high Wednesday as cyclical stocks including energy and industrials were boosted by signs of an improving employment markets ahead of the monthly jobs report due later this week.

The S&P 500 rose 0.20% to a record intraday level of 4,301.90. The Dow Jones Industrial Average was up 0.65%, or 222 points, the Nasdaq was down 0.1%.

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