S&P Closes Above 6,600 for First Time | Closing Bell

Market Overview - Major U.S. indices closed in the green, with the S&P 500 reaching a record high, up approximately 0.5% to 6615, and the Nasdaq composite increasing by about 200 points, or nearly 1% [6][12] - The Dow Jones Industrial Average added about 50 points, or 0.1%, while the Russell 2000 rose by approximately 0.3% [6] Sector Performance - Technology and communication services sectors showed strong performance, contributing to the overall gains in the market [7][12] - Consumer staples and healthcare sectors experienced declines, with consumer staples down more than 1% [8] Notable Company Movements - Tesla emerged as a top gainer in both the S&P and Nasdaq 100, with shares rising as much as 7.5% during the session, ultimately closing with a gain of about 3.6% [10] - Alphabet also performed well, joining the $3 trillion market cap club, with a notable increase of about 4.5% in the session [12] - Citi raised its price target for Alphabet from $225 to $280, citing a healthy online advertising market despite competition in its search business [13] Decliners - Corteva was the worst performer in the S&P 500, down 5.7%, amid speculation of a potential breakup of its seed and pesticide businesses [16][17] - Hain Celestial saw a significant drop of 25% after reporting a 13% decline in sales and providing disappointing guidance for the first quarter [18][19] Corporate Transactions - VF Corporation announced the sale of its Dickies brand to Bluestar Alliance for $600 million, aiming to reduce its net debt [22] - Disney acquired a 2% stake in Web Toon Entertainment, leading to a 34% increase in Web Toon shares in after-hours trading [29][30]