Stock market today: S&P 500 sets a record after Wall Streets breaks out of its lull
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The S&P 500 climbed 44.91 points, or 0.9%, to 5,248.49, setting a new record. The Dow Jones Industrial Average jumped 477.75, or 1.2%, to 39,760.08. The Nasdaq composite gained 83.82, or 0.5%, to 16,399.52. Merck climbed 5% after federal regulators approved its treatment for adults with pulmonary arterial hypertension. Cintas jumped 8.2% after reporting stronger profit for the latest quarter. Trump Media & Technology Group rose another 14.2%. Robinhood Markets climbed 3.7% after unveiling its first credit card. Nvidia slumped 2.5%. GameStop tumbled 15%. Treasury yields slipped, with the yield on the 10-year Treasury falling to 4.19%. The U.S. government will release the latest monthly update on consumer spending on Friday. The S&P 500 is on track for a fifth straight winning month. Stocks generally tend to do the best when more than half the world's central banks are easing interest rates. Indexes were mixed across Europe and Asia, with Chinese stocks performing poorly.

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https://apnews.com/article/stock-markets-inflation-china-rates-0ce28d7b2b92a6e7d43d67525d80558a