U.S. stocks rose modestly Tuesday morning, with the major benchmarks looking to add to the record-setting levels reached Monday, with investors focused on U.S.-China trade talks and an upbeat assessment of the economy from Federal Reserve Chairman Jerome Powell.
The Dow Jones Industrial Average rose 24 points, or 0.1% to 28,089, while the S&P 500 index rose 3 points, or 0.1% to 3,136. The Nasdaq Composite Index gained 13 points, or 0.2% to trade at 8,645. Volume was expected to be subdued ahead of Thursday’s Thanksgiving Day holiday, which will see U.S. markets closed, followed by an abbreviated trading session on Friday.
All three major benchmarks were trading above their previous intraday and closing records, all which were set Monday. Yesterday’s action marked the ninth record close of the month for the S&P 500 and the Nasdaq — the most since January 2018.
Source : Market Watch