Wall Street Market Update
US stocks rose slightly on Tuesday, nudging the Nasdaq to a record high close, as economic data bolstered views the Federal Reserve may decide against raising interest rates in the near term.
The S&P financial index, which tends to rise with expectations for higher rates, slipped 0.2 percent, while the S&P utilities index, which tends to benefit from a lower rate environment, rose 1.1 percent.
The Dow Jones industrial average closed up 46.16 points, or 0.25 percent, to 18,538.12, the S&P 500 gained 6.5 points, or 0.3 percent, to 2,186.48 and the Nasdaq Composite ended up 26.01 points, or 0.5 percent, at 5,275.91, a record high.
US stocks rose slightly on Tuesday, nudging the Nasdaq to a record high close, as economic data bolstered views the Federal Reserve may decide against raising interest rates in the near term.
The S&P financial index, which tends to rise with expectations for higher rates, slipped 0.2 percent, while the S&P utilities index, which tends to benefit from a lower rate environment, rose 1.1 percent.
The Dow Jones industrial average closed up 46.16 points, or 0.25 percent, to 18,538.12, the S&P 500 gained 6.5 points, or 0.3 percent, to 2,186.48 and the Nasdaq Composite ended up 26.01 points, or 0.5 percent, at 5,275.91, a record high.
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