S&P 500, Nasdaq Set New Closing Highs

But the Dow Jones couldn't quite reach 20,000
By Newser Editors and Wire Services
Posted Jan 24, 2017 3:28 PM CST
S&P 500, Nasdaq Set New Closing Highs
Specialist Anthony Rinaldi works at his post on the floor of the New York Stock Exchange, Tuesday, Jan. 24, 2017.   (AP Photo/Richard Drew)

An afternoon buying drive on Wall Street sent the Standard & Poor's 500 index and the Nasdaq composite to all-time highs, the AP reports. The Dow Jones industrial average also rose Tuesday but not as much, leaving it short of a record and below the 20,000 mark it has hovered near for weeks. Materials companies rose more than the rest of the market. DuPont jumped 4.5% after reporting earnings that easily beat analysts' estimates. Banks also posted solid gains. Regions Financial rose 2.4%.

The S&P 500 rose 14 points, or 0.7%, to 2,280. The Dow Jones industrial average gained 112 points, or 0.6%, to 19,912. The Nasdaq rose 48 points, or 0.9%, to 5,600. Bond prices fell. The yield on the 10-year Treasury note rose to 2.46%. (Read more stock market stories.)

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