At least, that was the case as of Tuesday’s close, when the U.S. benchmark saw its year-to-date advance top 20% for the first time since the start of 2024, according to Dow Jones Market Data. The achievement happened to coincide with the index’s 41st record close of the year.

U.S. stocks edged back from their records Wednesday as financial markets around the world took a pause following big recent moves. The S&P 500 slipped 0.2% a day after setting an all-time high for the 41st time this year.

Traders are waiting on the second-quarter GDP revision and weekly jobless claims data to roll out on Thursday. Micron reports earnings after the closing bell.