NEW YORK — More promising signs that the economy is strengthening after its winter slowdown pushed stocks higher on Tuesday.
The Standard & Poor’s 500 index rose for the fourth straight day and ended at another all-time high. The government reported that orders to U.S. factories for long-lasting manufactured goods rose unexpectedly in April, powered by a surge in demand for military aircraft. Also, the Conference Board’s consumer confidence index rose in May to the second-highest level since January 2008, just after the start of the Great Recession.
The Standard & Poor’s 500 index rose 11.38 points, or 0.6 percent, to 1,911.91. The Dow Jones industrial average gained 69.23 points, or 0.4 percent, to 16,675.50. The Nasdaq composite climbed 51.26 points, or 1.2 percent, to 4,237.07.
Nine of the ten sectors that make up the S&P 500 rose, led by financial and industrial companies.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.