S & P 500 and Nasdaq stock market composites broke record high Tuesday afternoon after strong earnings reports from a wide range of US companies drove Wall Street to new heights.
"The S&P 500 and Nasdaq Composite rallied on Tuesday to pick plate closes highs as Wall Street rejoiced stronger than expected quarterly profits from some of the largest listed US companies," CNBC reports.
"The broad index stopped 0.9% higher at 2,933.68 and peaked its previous record near 2,930.75. S & P 500 also ended the day just below its intraday record of 2,940.91. Nasdaq closed 1, The Dow Jones Industrial Average, meanwhile, got 145.34 points to close at 26.656.39 and was 1.1% from a full-time high, "the report adds.
The strong economic data comes as countless democrats compete to take on President Trump for months to come; vowing to raise taxes, reduce America's energy industry and increase burdensome rules.
Read the full report here.