Stocks eked out slight gains on Wall Street Tuesday, enough to send major indexes to more record highs. The benchmark S&P 500 also had its fifth gain in a row.
Banks and companies that rely on consumer spending led the way higher, outweighing losses in the technology and health care sectors. Investors welcomed encouraging reports on U.S. home construction and industrial production, extending the market’s upward momentum.Stocks have been rising on optimism about an interim US-China trade deal announced on Friday.
The S&P 500 rose 1.07 points, or 0.03%, to 3,192.52.
The Dow Jones Industrial Average gained 31.27 points, or 0.1%, to 28,267.16.