Major U.S. indexes have been trapped below records for weeks.
 | WED, JUN 09, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 127.13 | +0.39 | +0.31% | | MSFT | 253.59 | +1.02 | +0.40% | | CSCO | 54.02 | -0.11 | -0.20% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | F | 15.48 | -0.15 | -0.96% | | AAPL | 127.13 | +0.39 | +0.31% | | GE | 13.73 | -0.17 | -1.22% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 127.13 | +0.39 | +0.31% | | SIRI | 6.85 | -0.24 | -3.38% | | AMD | 79.96 | -0.93 | -1.15% | |
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The S&P 500 again failed to clinch a new record despite coming within 1 point of its May 7 intraday high within the first few minutes of trading in New York. The broad, 500-stock index slipped about 0.2% on Wednesday, while the Dow Jones Industrial Average shed 152.68 points to finish at 34,447.14. The Nasdaq Composite declined 0.09% by the close.  The meme stock mania that dominated trading on Tuesday returned somewhat on Wednesday, though retail traders appeared to pivot on which names they preferred. Clover Health, which soared 85% yesterday, lost 23.6% today. Meanwhile, Clean Energy Fuels, a California-based natural gas producer, saw intense buying. The stock rallied 31.5% by the close.
While all three major indexes have been trapped under records for weeks, investors may opt to put more money to work on Thursday after the Labor Department publishes its upcoming consumer price index data. Economists polled by Dow Jones expect the May CPI report to show prices rose 4.7% year over year after April's increase of 4.2%.
For weeks investors have worried whether a rash of inflation could prompt the Federal Reserve to curb the pace of its asset purchases or begin to signal an increase to interest rates.
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