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Stock rally lifts Dow, S&P 500 to record highs
U.S. stocks rallied on Tuesday, lifting the Dow Jones Industrial Average DJIA +0.59% and the S&P 500 index SPX +0.55% to record intraday highs. "The fundamentals are too good to put a ceiling on the market. During the fourth quarter, companies gave very, very muted outlooks on the first quarter, so earnings might be mildly surprising on the upside," said Margie Patel, senior portfolio manager at Wells Capital Management. After rising to an intraday high of 14,706.52, the Dow was lately up 87.97 points at 14,701.45. The S&P 500 was up 8.43 points at 1,571.50, after rising to an intraday record of 1,571.75. ... (full story)
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