Wall Street set to close first half of 2021 with solid gains

U.S. stock futures were flat Wednesday, one day after the S&P 500 and Nasdaq eked out record high closes, again. The Dow Jones Industrial Average, which gave up a gain of more than 100 points early Tuesday, finished slightly higher and remained about 1.4% away from its early May record close. The 10-year Treasury yield ticked lower Wednesday, trading around 1.46%, after better-than-expected ADP jobs data.

Going into the final day of June and the first half of the year, the S&P 500 was leading the major benchmarks with a 14.3% year-to-date gain. The Nasdaq was up 12.7% for the year. The Dow was up 12% in 2021, although it has lagged recently, tracking for a modestly monthly decline. The S&P 500 and Nasdaq advanced in June. All three benchmarks posted solid second quarter gains.

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