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The S&P 500 may have another record up its sleeve.
The market benchmark turned 0.1% higher around noon ET on Wednesday after marking its highest close on record on Tuesday. Roughly 270 of the stocks in the index were on the rise.
The Dow was still down nearly 88 points, or 0.2%. It was being weighed down by key stocks like Home Depot, McDonald’s, and Salesforce. The Nasdaq Composite was flat.
With WTI crude oil futures up 1% to $72.54, the S&P’s energy sector was up 1.1%.
Health care and utilities were up 0.9% and 0.5%, respectively. Consumer staples rose 0.4%. On the flip side, materials were the biggest laggard with a 1.2% decline after rallying yesterday.
The market is in a bit of a holding pattern amid a holiday-shortened week. Though headlines out of the White House could always shake things up, there isn’t much on the calendar until next week. One exception will be minutes from the January Fed meeting, which could provide context for how central bankers plan to approach interest rates going forward.
