Stocks continued their ascent on Wednesday, with all three of the major indices closing in the green. It was a big day for the S&P 500, which saw the 4,500 level for the first time, even if it closed slightly below that milestone while still in record territory. The Dow Jones Industrial Average closed up nearly 40 points while the Nasdaq set its second all-time high in as many days.
The gains were fueled by optimism that the economic recovery is on track with the tailwind of Pfizer’s FDA-approved COVID-19 vaccine.
Stock index futures held their own on Wednesday evening, suggesting that the good times could continue to roll on Thursday.