Despite recent market turbulence, the S&P 500 closed higher, showing resilience in the face of uncertainties. The index rose by 0.5% by the end of trading, reaching a new record high. This positive performance was attributed to strong corporate earnings reports and optimism surrounding economic recovery. The technology sector led the gains, with notable increases in tech giants like Apple and Microsoft. Investors remain cautiously optimistic as they monitor the ongoing impact of inflation and supply chain disruptions on the market.

Read more at Dow Jones & Company: S&P 500 Closes Higher Despite Latest Bout of Market Turbulence