Tuesday marked record highs of U.S. stocks as a rally in tech lifted the broader market. Tech gains helped Wall Street to record highs. Additionaly, top companies in Corporate America showed strong quarterly results. U.S. stocks pushed all three major indexes to record closing highs on Tuesday.
The S&P 500 broke above 2,600 for the first time ever during the session. The Technology Select Sector exchange-traded fund (XLK), which tracks the S&P 500 tech sector, rose 1 percent to reach levels not seen since 2000, CNBC reported.
The Dow Jones Industrial Average also jumped to record high, to close at 23,590.83. The same happened with Nasdaq, which rose 1.1 percent to an all-time high of 6,862.48.
The best performing tech stock was Apple, wchich rose 1.9 percent, the best performing on the Dow. The outlook for tech stocks could only be better with upcoming winter holiday shopping season and Black Friday.
Furthemore, healthcare stocks also rose after good results from medical device maker Medtronic. Its shares rose 4.8 percent after better than expected results.
According to analysts, stocks have little volatility and risk adjusted profile. Nervousnes in the market could arise with proposed Trump´s tax plan. About 6.2 billion shares changed hands on U.S. exchanges, claims Reuters.