US stock market hits record high after three-day lull

S&P 500 rises 0.9 percent as major players including Apple and Tesla see gains.

The US stock market has hit a record high after a string of downbeat trading sessions.

All three leading stock indexes rose on Wednesday, ending a three-day lull.

The S&P 500, which tracks the performance of 500 of the largest US companies, finished up 0.9 percent on Wednesday, surpassing last week’s record.

The rise leaves the benchmark index up more than 10 percent so far in 2024.

The Dow Jones Industrial Average and Nasdaq Composite rose 1.22 percent and 0.51 percent, respectively.