Dow, S&P hit record closing highs on greater risk tolerance

The benchmark US S&P 500 stock index set record closing and intraday highs for the second straight day on Tuesday and the Dow Jones industrial average reached record highs for the first time in over a year as optimism about the world economy and upbeat corporate results from Alcoa boosted risk appetite.


The Dow Jones industrial average closed up 120.74 points, or 0.66 percent, at 18,347.67. The S&P 500 ended up 14.98 points, or 0.7 percent, at 2,152.14. The Nasdaq Composite closed up 34.18 points, or 0.69 percent, at 5,022.82.

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Posted in: Indian Market Tips