U.S. stocks kicked off the new year on a high note on Tuesday as Wall Street bet on another strong year for equities.
The S&P 500 gained 0.8 percent to close at 2,695.79, notching intraday and closing records, with consumer discretionary, energy materials and tech all rising more than 1 percent.
The Nasdaq composite advanced 1.5 percent to 7,006.90, also hitting record highs. The index also closed above 7,000 for the first time.
The Dow Jones industrial average rose 104.79 points to finish at 24,824.01, with Disney shares climbing 4 percent.
"This is basically an extension of what we saw in 2017," said Peter Cardillo, chief market economist at First Standard Financial. "With economic data being strong, investors are betting that economic growth will translate into strong earnings growth."
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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