Copper miner Freeport-McMoran, aluminum producer Alcoa and steelmaker United States Steel Corp gained between 2.7% and 5.8% as copper prices touched a record high and aluminum scaled a new peak. "A lot of the inflation fears are overdone," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. Economy-linked financials, industrials and healthcare hit fresh peaks and provided the biggest boost to the S&P 500. ET, the Dow Jones Industrial Average was up 300.30 points, or 0.86%, at 35,078.06, the S&P 500 was down 1.40 points, or 0.033%%, at 4,231.20. The earnings season is in its final stretch with about 87.2% of 439 S&P 500 companies beating estimates for profit, according to Refinitiv data.

Source: Mint May 10, 2021 14:02 UTC