Nasdaq, S&P 500 post record closing highs; investors await more data
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The S&P 500 and Nasdaq eked out record closing highs on Tuesday, with tech-related shares extending recent gains as investors awaited further jobs data. The Dow finished slightly lower on the day. Among S&P 500 sectors, technology, communication services and consumer discretionary were the only gainers, extending their advance on Monday. Marketwatchers also digested reassuring comments from Federal Reserve policymakers. Two policymakers said they see inflation heading down to the U.S. central bank's 2% target and that the job market is "solid." They stayed away from signaling whether they would support another interest rate cut later this month. On Monday, Fed Governor Christopher Waller said he was inclined "at present" to support another rate cut this month. Investors will pay close attention to the U.S. monthly employment report on Friday. They also are keen to see other data this week, including a No...