The Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite all finished at record closed Tuesday, with the DJIA topping 36,000 for the first time, the Wall Street Journal reports.
With a number of corporate earnings reports coming in stronger than expected, the indices each finished more than a third of a percentage point higher, pushing them into record territory. Stocks also received a late day push by news that there is movement on budget and infrastructure bills in Washington.
This was the third day in a row all three indices had record closings. The S&P 500 rose 16.98 points, or 0.4%, to 4630.65. The Nasdaq gained 53.69 points, or 0.3%, to 15649.60. The Dow added 138.79 points, or 0.4%, to 36052.63. The Dow crossed a 1,000-point benchmark for the sixth time in 2021, a record in itself. “The stock market is remarkably resilient right now and has melted up despite supply chain issues, inflation concerns, rising rates and a more hawkish Federal Reserve,” said Greg Marcus, managing director at UBS Private Wealth Management.