


U.S. stocks pulled closer to their record on Tuesday as the wait continued for more updates on President Donald Trump’s tariffs and how much they’re affecting the economy.
The S&P 500 rose 0.6%, coming off a modest gain that added to its stellar May. It’s back within 2.8% of its all-time high set earlier this year after falling roughly 20% below two months ago.
The Dow Jones industrial average added 214 points, or 0.5%, and the Nasdaq composite climbed 0.8%.
The Organization for Economic Cooperation and Development said on Tuesday that it’s forecasting 1.6% growth for the U.S. economy this year, down from 2.8% last year. Another report on Tuesday showed U.S. employers were advertising more job openings at the end of April than economists expected, another signal that the labor market remains resilient.
On Wall Street, Dollar General jumped 15.8% for one of the market’s bigger gains after reporting stronger profit and revenue for the start of the year than analysts expected. The discount retailer also raised its forecasts for profit and revenue over the full year.
Tech stocks helped lead the way again as Nvidia rose 2.9%, and Broadcom climbed 3.3%. The chip companies have recovered their sharp losses from earlier this year borne amid worries their stock prices had shot too high.
All told, the S&P rose 34.43 points to 5,970.37. The Dow added 214.16 to 42,519.64, and the Nasdaq gained 156.34 to 19,398.96.
In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.45% from 4.46% late Monday, though it had been lower earlier in the morning before the stronger-than-expected report on U.S. jobs openings.
In stock markets abroad, indexes rose modestly across much of Europe and Asia.
— Associated Press