NEW YORK (AP) — U.S. stocks drifted higher and pulled closer to their record as the wait continues for more updates on President Donald Trump’s tariffs and how much they’re affecting the economy. The S&P 500 rose 0.6% Tuesday, coming off a modest gain that added to its stellar May. It is less than 3% away from its all-time high set earlier this year. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite rose 0.8%. Treasury yields held relatively steady following an encouraging report on the U.S. job market, while stock indexes rose modestly across much of Europe and Asia.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

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