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Aug. 24, 2021, 10:12 a.m. EDT · CORRECTED

Nasdaq Composite carves out fresh intraday record at Tuesday's open as stock market clambers higher

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By Mark Decambre

An earlier version of this story incorrectly stated that the S&P 500 hit an intraday high. The S&P 500 rose 0.1% to an intraday peak at 4,489.31 but didn't exceed its all-time intraday high at 4,489.88 put in on Monday. The error has been corrected.

U.S. stocks on Tuesday grinded higher toward all-time highs as investors responded positively to strong corporate earnings and the economic rebound against COVID-19, despite the spread of the delta variant of the disease. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.34% gained 0.1% to 35,382, the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.18% rose 0.1% and climbed near a record high at 4,489.88, and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.83% rose 0.3%, after carving out an intraday record at 15,003.20. In corporate news, Best Buy Co. Inc. /zigman2/quotes/205918291/composite BBY -4.31% shares were in focus after the consumer electronics retailer reported second-quarter earnings that beat expectations and raised its same-store sales guidance for the year. At the end of the week, Federal Reserve Chairman Jerome Powell is expected to deliver a speech that might provide some insights on the timing and scope of tapering asset purchases for the central bank.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,022.04
-461.68 -1.34%
Volume: 498.38M
Dec. 1, 2021 5:04p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,513.04
-53.96 -1.18%
Volume: 3.04B
Dec. 1, 2021 5:04p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
15,254.05
-283.64 -1.83%
Volume: 5.47M
Dec. 1, 2021 5:16p
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/zigman2/quotes/205918291/composite
US : U.S.: NYSE
$ 102.25
-4.61 -4.31%
Volume: 4.55M
Dec. 1, 2021 4:00p
P/E Ratio
9.91
Dividend Yield
2.74%
Market Cap
$26.28 billion
Rev. per Employee
$463,353
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