Oct. 26, 2021, 4:06 p.m. EDT

Dow, S&P 500 book back-to-back record closes but stock market's gains fade in Tuesday's final minutes

U.S. stocks eked out a fresh round of record highs Tuesday, as better-than-expected third-quarter results from American corporations appeared to produce sufficient loft for a second record close for the S&P 500 and the Dow Jones Industrial Average. The Dow (DOW:DJIA) closed up less than 0.1% higher at around 35,755, with an intraday record high at 35,892.92; the S&P 500 (S&P:SPX) edged up 0.2% to about 4,575, following a jaunt near 4,600. Meanwhile, the Nasdaq Composite index (NASDAQ:COMP) finished up less than 0.1% at 15,235, putting the technology-laden index closer to eclipsing its Sept. 7 record close at 15,374.33. However, the day's gains might have been kept in check by persistent worries about inflation and fears of a global growth slowdown. On top of that the Federal Reserve meets next week, Nov. 2-3, to discuss implementing policies that would be viewed as less accommodative for stock buying.

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