NEW YORK - The S&P 500 jumped on Wednesday but finished just short of its February record closing high, in a broad rally led by tech-related stocks.
With a better-than-feared second-quarter earnings season largely over, investors are preparing for the risk of a closely contested US presidential election in the fall. They also are awaiting news on stimulus talks. Democratic candidate Joe Biden on Tuesday picked Senator Kamala Harris as his choice for vice president.
Data showed US consumer prices increased more-than-expected in July, but high unemployment is likely to keep inflation under control, allowing the Federal Reserve to continue pumping money into the economy.
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