US stocks close at record highs as investors ride wave of strong corporate earnings
- S&P 500 and the Dow industrials notch another record high on Tuesday.
- UPS shares jumped following quarterly results.
The S&P 500 index and the
Here's where US indexes stood at 4:00 p.m. on Tuesday:
- S&P 500: 4,574.67, up 0.18%
- Dow Jones Industrial Average: 35,755.83, up 0.04% (14.68 points)
- Nasdaq Composite: 15,235.71, up 0.06%
Meanwhile, data released Tuesday showed home sales surged 14% in September.
With COVID cases continuing to decline, it is no surprise that consumer confidence is bouncing back. Americans now want to spend big and that could mean the next few months could deliver better-than-expected purchases of new cars, TVs, home improvements, and vacations," said Ed Moya, senior market analyst at Oanda.
Oil prices moved higher. West Texas Intermediate crude rose % at $84.63 per barrel. Brent, oil's international benchmark, gained 0.5% to $86.40.
Bitcoin fell 1.2% to $62,088.
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