S&P, Dow Climb to Fresh All-Time Highs - InvestingChannel

S&P, Dow Climb to Fresh All-Time Highs



The S&P 500 rose slightly and hit an all-time high on Tuesday as investors built on four straight days of gains.

The Dow Jones Industrials added 17.96 points, on top of Monday’s all-time high to 28.253.85

The S&P 500 gained 2.05 points from Monday’s record close to 3,193.50

The NASDAQ brushed off 0.26 points from Monday’s all-time high to begin trading at 8,813.97.

The S&P 500 came into Tuesday’s session up 27.3% year to date, its biggest annual gain since 2013. The Dow acquired 21% and the NASDAQ was up 32.8%.

Gains were kept in check by a 1.1% drop in Boeing. The aerospace giant fell on news it will suspend production of its 737 Max jet next month.

On the data front, U.S. housing starts rose more than expected in November as building permits surged to a 12½-year high.

Prices for the 10-Year U.S. Treasury were static, keeping yields at Monday’s 1.88%.

Oil prices added 45 cents to $60.66 U.S. a barrel.

Gold prices moved forward 40 cents at $1,480.90 U.S. an ounce.