US stocks inched higher on Wednesday, pushing the S&P 500 to another intraday record, after data suggested the economy was slowly building momentum after a winter-related pullback earlier in the year. Eight of 10 S&P 500 sectors were in positive territory, though gains were limited following a recent push to new highs.
US private employers added 191,000 workers in March, slightly below the 195,000 forecast, while gains in the prior month were revised to 178,000 from a previously reported 139,000, signalling that a winter-related impact on job growth earlier this year was easing. Shares of MannKind Corp soared 76.4 percent to $7.09. US health advisers recommended approval of the company's inhaled diabetes drug on Tuesday. The Dow Jones industrial average rose 14.59 points, or 0.09 percent, to 16,547.2, the S&P 500 gained 3.99 points, or 0.21 percent, to 1,889.51, after hitting an intraday record high of 1,890.80. The Nasdaq Composite added 4.942 points, or 0.12 percent, to 4,272.982.
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