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News / Business

Stocks end higher, bringing S&P 500 to the cusp of a record

By Associated Press
Published: October 20, 2021, 1:43pm

Stocks ended higher on Wall Street Wednesday, bringing the S&P 500 to the brink of another record high.

The benchmark index climbed 0.4% for its sixth gain in a row. Anthem and Abbott Laboratories helped lead gains among health care stocks after turning in solid quarterly earnings reports. The Dow Jones Industrial Average rose 0.4% and the Nasdaq fell less than 0.1%. Netflix fell after forecasting earnings for its current quarter that were below analysts’ estimates. The yield on the 10-year Treasury rose to 1.65%. The price of Bitcoin rose above $66,000 for the first time.

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