The Dow inched towards an all-time high on Wednesday, on a boost from retailers Home Depot and Nike, while record daily US Covid-19 infections kept gains in check amid low liquidity in the final week of the year.
Home Depot and Nike Inc advanced 1% and 2%, respectively, against the backdrop of recent reports suggesting holiday sales were strong for U.S. retailers.
Some early studies pointing to a reduced risk of hospitalization in Omicron cases have helped investors look past the travel disruptions and powered the S&P 500 to record highs this week.
"The market thinks that Omicron is going to hit just

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