The S&P 500 closed at a new record level on Tuesday. Financial and technology brands led the way. Stocks stepped up amid a spate of respectable economic data.
Brands such as Pfizer and Tiffany posted gains on Wednesday amid the release of minutes from the FOMC’s April 29-30 meeting. Comments revealed no plans to raise interest rates any time soon. Policy makers continued to see risks to the outlook for the economy and the labor market as roughly balanced.