U.S. stocks finished higher on Tuesday as technology shares powered a rebound in the broader market that propelled the Nasdaq Composite to its best day in nearly three weeks. The Dow rose 126.13 points, or 0.3%, to end at 42,080.37 at 4 p.m. Eastern time, according to FactSet data.

The Dow and the S&P 500 closed at a record high. Markets are waiting for September inflation data, a key data point ahead of the Fed's next move.

Indexes slipped Thursday as investors took in hotter-than-expected inflation data on the heels of last week's blockbuster jobs report.

PayPal Holdings Inc.'s stock is one of the chief decliners in the S&P 500 on Thursday, off 3.2% after a downgrade at Bernstein. “While product velocity is improving, we remain worried about competitive pressures on the cash-cow core button, which often is still richly priced versus peers,” Bernstein’s Harshita Rawat wrote in a note to clients.