(CNBC) — The S&P 500 rose Tuesday, approaching its record high, as the Federal Reserve’s recent dovish shift on rates lifted stocks.
The broad market index gained 0.59% to 4,768.37. With Tuesday’s gain, the S&P 500 is about 0.6% from surpassing its record close and 1% from equaling its intraday record, both set in January 2022.
The Dow Jones Industrial Average rose 251.90 points, or 0.68%, to 37,557.92. The Nasdaq Composite advanced 0.66% to 15,003.22. It was the first time the tech-heavy index closed above the 15,000 level since January 2022.
