(CNBC) — U.S. stocks rose to record highs on Tuesday after Wal-Mart announced a large buyback and Honeywell said it was splitting into two. Pfizer also contemplated a spin-off as Corporate America looked for ways to keep investors happy and keep this eight-year bull market going.
The Dow Jones industrial average hit a record high shortly after the open, rising 46 points. Wal-Mart contributed the most to the gains.
The Nasdaq composite also reached an all-time high, before inching lower.
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The S&P 500 gained 0.15 percent, with consumer staples among the best-performing sectors. The index also notched a record intraday high.