Nasdaq and S&P 500 reach fresh record closing highs

The US stocks mostly edged up in last session, adding to latest gains on Wednesday. Tech stocks stayed in the limelight as the Nasdaq jumped 0.9% to 18,188.30 and the S&P 500 rose 0.5% to 5537. The Dow eased by 0.1% though to close at 39,308.00. The Nasdaq and the S&P 500 have once again reached new record closing highs with this spurt. Market is focusing on the US interest rates. The minutes of the June 11-12 meeting said participants noted that progress in reducing inflation toward the Fed's 2 percent target had been slower this year than they had expected last December.