Stocks rise modestly as reopening trades climb again; European stocks close mixed as investors monitor inflation, central bank comments 
U.S. stocks rose on Wednesday as shares tied to the economic reopening supported the broader market once again. 
The Dow Jones Industrial Average rose 79 points, while the S&P 500 gained 0.3%. The tech-heavy Nasdaq Composite added 0.6%. The S&P 500 sits just about 0.9% from a record with the major benchmark little changed for the month of May. 
Shares of companies linked to a recovering economy gained. Carnival Corp rose about 2.5%. Royal Caribbean jumped 3.5% and brought its gain this week to 11% after the cruise line operator received approval to begin test cruises with volunteer passengers. 
The optimism on the economy comes as U.S. average daily Covid cases fall below 25,000 and as nearly half the U.S. population has received at least one vaccination dose. 
Shares of Ford rose more than 8% after the automobile giant said it is increasing its investment in electric vehicles to $30 billion through 2025. 
Shares of Tesla, a big holder of bitcoin, added 2%. Coinbase shares were also higher. 

The pan-European Stoxx 600 provisionally ended little changed for the session, with travel and leisure stocks adding more than 1% while banks dropped 1.1%. 
Dutch court on Wednesday ruled Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels. Shares of the Anglo-Dutch oil giant were slightly higher at the end of Wednesday’s session. 
At the bottom of the European blue chip index, British quality and safety services company Intertek fell 5% after its earnings report, despite projecting that it was on track to deliver on 2021 revenue targets. 
Source: CNBC