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Stocks finish higher; S&P 500, Nasdaq sweep to new records

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S&P 500, Nasdaq finish at record highs; Dow ends in the red

U.S. stocks closed mostly higher Tuesday, pushing the S&P 500 and Nasdaq indexes to another round of record highs, as investors took some comfort from progress on U.S.-China trade talks and shrugged off tepid consumer confidence data. The Dow Jones Industrial Average DJIA, -0.21% was down about 60 points or 0.2% to close at about 28,249, one day after the committee that runs the blue-chip index announced an overhaul of its composition. The S&P 500 SPX, +0.

36% added about 12 points or 0.4%, closing at a fresh high of 3,444, its 17th of the year. The Nasdaq Composite COMP, +0.76% hit its 38th high of 2020, up 86 points, 0.8%, to 11,466. Consumer sentiment touched a fresh pandemic-era low in August, the Conference Board said Tuesday morning. That sent stocks briefly lower, even as a measure of new-home sales surged, and several companies, including J.M.Smucker Co. SJM, +6.86%, reported earnings that beat expectations.

 

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