U.S. stocks edge closer to summer record

U.S. stocks rose Oct. 5, Reuters reported. The S&P 500 — a basket tracking 500 big American companies, like a scoreboard for retirement savings — climbed 0.66% to 7,773.95. The Nasdaq, tilted toward tech firms, gained 1.05% to 27,477.31. That leaves typical index-fund balances just below the summer high.