Stock Market Today: Dow, S&P Live Updates for Apr. 23, 2021

Table of Contents StocksCurrenciesBondsCommodities Stocks climbed after strong economic data added to evidence the recovery

Stocks climbed after strong economic data added to evidence the recovery is gaining momentum, with traders also assessing a batch of corporate earnings. The dollar retreated.

Most major groups in the S&P 500 advanced, led by financial and material shares. A gauge of smaller companies outperformed major benchmarks, while Tesla Inc. and Apple Inc. paced gains in megacap stocks. Blue chips Honeywell International Inc., American Express Co. and Intel Corp. weighed on the Dow Jones Industrial Average after their quarterly results.

Equities whipsawed this week amid a flare-up in global coronavirus cases and news that the White House plans to propose almost doubling the capital-gain tax rate for the wealthy. Investors also waded through corporate outlooks and economic readings, with data showing U.S. new-home sales rebounded in March to the highest since 2006. Meanwhile, output at manufacturers and service providers reached a record high in April.

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