[NEW YORK] The S&P 500 and Nasdaq jumped to all-time records on Tuesday following a barrage of mostly positive earnings reports that boosted confidence in the economic outlook.
The tech-rich Nasdaq Composite Index advanced 1.3 per cent to 8,120.82, also a record, while the Dow Jones Industrial Average gained 0.6 per cent, rising to 26,656.39, leaving it about 170 points short of its own all-time high. "We are now seeing more signs of solid economic growth, as well as indications that companies not only are reporting better than expected first-quarter earnings, but also are continuing to guide for modest earnings growth throughout 2019," said Kate Warne, an investment strategist at Edward Jones.
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