Videos from Reuters Nasdaq and S&P 500 indexes close at all-time highs. On Wall Street on Tuesday, tiny changes were enough to push the S&P 500 and the Nasdaq to fresh closing highs. The Dow also witnessed a small uptick, gaining 9 points. The S&P 500 index remained mostly unchanged. The Nasdaq Composite Index increased by 27 points. The tone of the day was established by economic data. Consumer confidence has reached new highs not seen since the global health crisis. And housing prices are still making headlines. In April, the S&P/Case Shiller index revealed that home prices in 20 metropolitan regions increased by 14.9 percent year over year, the highest increase in 15-1/2 years. Spartan Capital Securities’ senior market economist is Peter Cardillo: “The futures were pointing to a mixed session earlier in the morning, and then, of course, as the economic statistics started to come out, we had a good surge. And, with the exception of a sector of the utilities, all of the indices are currently higher. Part of it, I believe, is also due to the fact that tomorrow is the end of the quarter. So there’s a chance you’ve got some last-minute window dressing here.” Moderna’s stock reached a new high. The vaccine showed promise in inoculating patients against the Delta form, which is now spreading over the world, according to the company. India approved approval for the Moderna vaccine to be imported into the nation, which boosted stock prices. Moderna’s stock increased by 5%. As many banks declared dividend payouts, Morgan Stanley was a standout for the banking sector. The Wall Street bank surprised investors by announcing that it will increase its payout beginning in the third quarter. On Tuesday, the stock gained more than 3%. United Airlines has revealed that it is placing the company’s largest-ever aircraft order. The airline said that it will spend $30 billion on 200 Boeing 737 MAX planes and 70 Airbus A321neo planes. United’s stock closed the day with a loss.
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