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JPMorgan Chase & Co.
Stocks drift higher; S&P 500 holds on to 2,000
Stocks drift higher; S&P 500 holds on to 2,000

Even in a daylong sideways drift, the Standard & Poor's 500 index managed to eke out its third record close in three days. U.S. stocks ended essentially flat on Wednesday after spending much of the day wavering between tiny gains and losses. The S&P 500 notched a gain of one-tenth of a point over the day before, extending its rise for the week. Overall trading volume was about one-third below the recent average, reflecting an absence of major market-moving news and the approaching Labor Day holiday weekend. It was a sharp contrast to the day before, when the S&P 500 closed above 2,000 for the first time. “Having achieved this 2,000 level, the market is simply...

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