Stock market today: Nasdaq closes at record high, meme stocks surge again ahead of inflation data

News Snapshot:

Meme stocks soared again on Tuesday, as US equities broadly finished the trading day higher. The moves follow comments from President Biden on new China tariffs as investors count down to Wednesday's heavily anticipated look into consumer prices. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) jumped about 0.5% and 0.3%, respectively. The tech-heavy Nasdaq Composite (^IXIC) climbed about 0.8% to reach a new record close of 16,511 — its first record since April 11. President Biden spoke Tuesday afternoon about the administration's decision to announce a new wave of tariffs across an array of Chinese goods. The...