Dow And S&P 500 Finish At All-Time Closing Highs

U.S. stocks gained Tuesday, with the Dow Jones Industrial Average and the S&P 500 both closing at record highs as health insurers rallied on Medicare-reimbursement news and U.S. factory orders rose in February. “There are still some risks out there. But for the market to be at new highs here, based on where earnings are, and where economic growth is, it’s reasonable,” says Jim Dunigan, managing executive for investments at PNC Wealth Management.

At 4 p.m. Eastern, the Dow industrials rose 88.78 points, or 0.6%, to 14,661.94, with the blue-chip index topping the prior record hit late last week. The S&P 500 added 8.04 points, or 0.5%, to 1,570.21, its all-time closing high. The Nasdaq Composite rose 15.69 points, or 0.5%, to end at 3,254.86, with the technology-heavy index 1,793.76 points from its record-high finish of 5,048.62, set on March 10, 2000.

Marketwatch