Stocks finish at record highs, S&P 500 has best start to a year since 1987

U.S. equities rose to record highs on Tuesday as investors remained optimistic about the market heading into the corporate earnings season.

The S&P 500 hit a fresh all-time high, rising 0.1 percent. The index is also enjoying its best start to a year since 1987. The S&P 500 notched its biggest six-day gain to kick off a year since then.

The Dow Jones industrial average jumped 103 points to hit a record as Boeing reached an all-time high. The Nasdaq composite climbed 0.2 percent and also hit a record.

"It's been a great start to the year. The momentum we saw in 2017 carried over into this year," said Jim Davis, regional investment manager at U.S. Bank Wealth Management.

Financial giants BlackRock, J.P. Morgan Chase and Wells Fargo are among the companies set to report quarterly results later this week.

"Q4 is going to be fine," said Maris Ogg, president at Tower Bridge Advisors. "I think the most important thing is going to be getting information on the impact of the tax cuts company by company. There's no reason that shouldn't be mostly positive." President Donald Trump signed a bill last month that cut the federal corporate tax rate to 21 percent from 35 percent.

Source: Bloomberg Pro Terminal

Jr Trader Alexander Kumanov

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