Advancing issues outnumbered declining ones on the NYSE by a 1.20-to-1 ratio; on Nasdaq, a 1.41-to-1 ratio favored decliners.

The S&P 500 posted 49 new 52-week highs and no new lows; the Nasdaq Composite recorded 78 new highs and 45 new lows.

Volume on U.S. exchanges was 7.22 billion shares, compared to the 6.56 billion average for the full session over the last 20 trading days.

Additional reporting by Shreyashi Sanyal and Sruthi Shankar in Bengaluru; editing by Sriraj Kalluvila, Phil Berlowitz and G Crosse

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