S&P 500 edges up to close at highest level in 2023
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(CNBC) -- The S&P 500 advanced modestly on Tuesday as Wall Street digested a recent rally that led the broad index to its highest level in nine months.
The S&P 500 added 0.2%, trading near a nine-month high. The Nasdaq Composite climbed 0.3%. The Dow Jones Industrial Average was near flat, as losses of more than 2% in Merck and UnitedHealth dragged on the blue-chip average.
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Coinbase dropped more than 12% after the Securities and Exchange Commission sued the crypto company. The SEC alleged Coinbase was acting as an unregistered broker and exchange. Bitcoin rose 4.5%.
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