Stocks rise slightly as the S&P 500 hovers near a record

(CNBC) -- Stocks rose slightly on Wednesday with the S&P 500 hovering near an all-time high.

The benchmark gained 0.14% to 4,208.12 on Wednesday, sitting about 0.7% from its record hit in May. The Dow Jones Industrial Average added 25 points to close at 34,600.38. The technology-heavy Nasdaq Composite rose 0.14% to 13,756.33.

All three indexes are fairly close to record levels. The Dow and Nasdaq are 1.4% and 3.2% below their respective records.

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