NEW YORK — Major U.S. stock indexes set records again Tuesday as energy companies continued to climb after international deals that will cut oil production. Big-name technology companies like Apple and IBM also traded higher as the Dow Jones industrial average closed above 19,900 for the first time.

The Dow finished at an all-time high for the seventh consecutive trading day. The biggest gain went to IBM, while Apple and ExxonMobil also finished near the top.

Energy companies rose for the ninth day out of the last 10 as investors anticipated steadier oil prices and larger profits. Technology companies also jumped. They had mostly lagged the market during its post-election rally, but have moved higher in the last few days.

J.J. Kinahan, TD Ameritrade’s chief strategist, said stocks have surged since the presidential election because after a long campaign, investors have a better idea which policies the country will adopt. “The biggest questions hanging over us are gone,” he said.

The Dow Jones industrial average climbed 114.78 points, or 0.6 percent, to 19,911.21. The blue-chip index went as high as 19,953. The Standard & Poor’s 500 index picked up 14.76 points, or 0.7 percent, to 2,271.72. The Nasdaq composite climbed 51.29 points, or 0.9 percent, to 5,463.83.

Energy companies rose for the fifth consecutive day. ExxonMobil climbed $1.60, or 1.8 percent, to $92.58 and Noble Energy advanced $1.80, or 4.5 percent, to $41.64.

OPEC countries agreed on Nov. 30 to trim oil production next year, and over the weekend a group of 11 other nations also agreed to make cuts. The price of U.S. crude has risen 17 percent since the OPEC deal was announced.

Technology companies jumped as a group of tech executives, including the CEOs of Apple and Microsoft, prepare to meet Wednesday with President-elect Donald Trump. Apple added $1.89, or 1.7 percent, to $115.19. IBM picked up $2.79, or 1.7 percent, to $168.29.

Consumer-focused companies rose more than the rest of the market. Online retailer Amazon rose $14.22, or 1.9 percent, to $774.34 and home improvement retailer Home Depot jumped $1.96, or 1.5 percent, to $136.54. Newell Brands, which owns brands such as Rubbermaid, Elmer’s and Mr. Coffee, picked up 82 cents, or 1.8 percent, to $47.30.


Only subscribers are eligible to post comments. Please subscribe or to participate in the conversation. 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.