Wall St treads water ahead of key economic data; AMC soars – Reuters
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermidThe S&P 500 (.SPX) was little changed on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called meme stocks.
The S&P 500 energy sector (.SPNY), the best-performing group this year, extended its rise this week, gaining 1.7% as oil prices pushed higher. The materials sector (.SPLRCM) fell 0.9%…
