The S&P 500 rose 0.6% to top its all-time high set two weeks ago. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite climbed 0.8% from its own record set a day earlier. Tesla led the way after the electric-vehicle maker reported better sales for the spring than analysts expected.
A big gain for Tesla helped drive Wall Street to more records
The S&P 500 rose 0.6% to top its all-time high set two weeks ago. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite climbed 0.8% from its own record set a day earlier. Tesla led the way after the electric-vehicle maker reported better sales for the spring than analysts expected.
Treasury yields eased after the head of the Federal Reserve cited encouraging progress on inflation, which bolstered hopes for cuts to interest rates later this year. Crude oil's price eased after touching its highest level since April.
On Tuesday:
The S&P 500 rose 33.92 points, or 0.6%, to 5,509.01.