U.S. stocks keep flirting with record highs as investors shrug off headwinds, whether rising inflation or the United States and Iran seemingly stuck in a stalemate situation.
The tech-heavy Nasdaq Composite Index and broad-market S&P 500 returned from the Memorial Day long weekend and touched new highs.
The Nasdaq rose about 360 points, or 1.4 percent, to above 26,700 at 10:46 a.m. EDT on May 26.
It has climbed more than 17 percent this year and surged 41 percent over the past 12 months.
The broad-market S&P 500 has also added to its rebound since the March selloff and extended its eight-week winning streak.
The index rose more than 60 points, or 0.9 percent, to firmly above 7,500. Year-to-date, the S&P 500 is up almost 10 percent….