The U.S. stock market rallied to records as companies kept piling up profits and oil prices eased.
The S&P 500 shot up 1.8 percent Tuesday, and the main measure of Wall Street’s health topped its prior all-time high set in June. The Dow Jones Industrial Average added 1.7 percent to its own record set the day before, and the Nasdaq composite jumped 2.6 percent.
Palantir Technologies and Caterpillar helped lead the way after becoming the latest companies to deliver stronger profits for the spring than expected.
Brent crude fell below $80 per barrel, which helped Treasury yields ease in the bond market.
On Tuesday:
The S&P 500 rose 136.02 points, or 1.8 percent, to 7,736.52.
The Dow Jones Industrial Average rose 907.47 points, or 1.7 percent, to 54,085.88.
The Nasdaq composite rose 671.10 points, or 2.6 percent, to 26,584.99.
The Russell 2000 index of smaller companies rose 55.07 points, or 1.8 percent, to 3,036.98.
For the week:
The S&P 500 is up 246.80 points, or 3.3 percent.
The Dow is up 1,600.85 points, or 3.1 percent.
The Nasdaq is up 1,211.14 points, or 4.8 percent.
The Russell 2000 is up 105.64 points, or 3.6 percent.
For the year:
The S&P 500 is up 891.02 points, or 13 percent.
The Dow is up 6,022.59 points, or 12.5 percent.
The Nasdaq is up 3,343 points, or 14.4 percent.
The Russell 2000 is up 555.07 points, or 22.4 percent.
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