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Aug. 12, 2021, 4:08 p.m. EDT

Dow, S&P 500 book back-to-back-back closing records for the first time in 5 months

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By Mark Decambre

All three main equity benchmarks closed higher Thursday and the Dow and S&P 500 booked a third straight record finish after fresh labor-market data provided insight on the pace of the recovery. The moves for stocks came even as a reading for wholesale inflation came in hotter than expected. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.10% closed up less than 0.1% at 35,499, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.31% advanced 0.3% to 4,460, led by gains in health care /zigman2/quotes/205918244/composite XLV +0.75% and technology /zigman2/quotes/207444675/composite XLK +0.46% . The S&P 500 and the Dow closed at records in three consecutive sessions for the first time since March 15, according to Dow Jones Market Data. Meanwhile, the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.64% advanced 0.4% at 14,816. Economic data showed first-time claims for jobless benefit benefits came in at 375,000 last week, matching estimates and near a pandemic low. The producer-price index was up 7.8% year over year in July versus 7.3% in June, while the core PPI reading, which excludes food and energy, accelerated to 6.1% from 5.5%. In corporate news, shares of Shares of Palantir Technologies Inc. /zigman2/quotes/221054928/composite PLTR +1.85% rose more than 11% after the data analysis company posted stronger-than-expected revenue for the second quarter and reiterated long-term guidance.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,754.75
+35.32 +0.10%
Volume: 387.65M
Dec. 8, 2021 4:59p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,701.21
+14.46 +0.31%
Volume: 2.16B
Dec. 8, 2021 4:59p
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/zigman2/quotes/205918244/composite
US : U.S.: NYSE Arca
$ 133.80
+1.00 +0.75%
Volume: 15.14M
Dec. 8, 2021 4:00p
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/zigman2/quotes/207444675/composite
US : U.S.: NYSE Arca
$ 173.31
+0.79 +0.46%
Volume: 11.63M
Dec. 8, 2021 4:00p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
15,786.99
+100.07 +0.64%
Volume: 4.01M
Dec. 8, 2021 5:16p
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/zigman2/quotes/221054928/composite
US : U.S.: NYSE
$ 19.82
+0.36 +1.85%
Volume: 28.43M
Dec. 8, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$39.01 billion
Rev. per Employee
$448,000
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