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Market Snapshot: Dow and S&P 500 end higher, close to all-time records, while Fed’s Beige Book points to inflation, labor shortages

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The S&P 500 index and Dow industrials end higher Wednesday, knocking on the door of all-time records, as investors parsed the Federal Reserve’s latest Beige Book showing the U.S. economy is growing at a modest to moderate pace, but remains under pressure from inflation and labor shortages.

Upbeat corporate earnings also continued to fuel bullishness in stocks, with electric-vehicle maker Tesla Inc. TSLA reporting after the market closed.

How did stock indexes trade?

On…

NewsWatch: Tesla says supply-chain snags keeps its factories from running ‘full speed’

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