Read the full story: Dow logs 8th gain in a row as energy, defensive sectors power record close Wal-Mart popped 3% while Home Depot rose 1.3%. With the day's move, the Dow rose for an eighth straight session, while both the S&P 500 and the Nasdaq posted their ninth advance of the past 10 sessions. U.S. stocks extended their record winning streak on Tuesday, with all three equity benchmarks ending at all-time highs. The Dow Jones Industrial Average DJIA, +0.58% gained 112.82 points to 20,737.83, a rise of 0.6%.
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![How major US stock market indexes fared on Tuesday]()
REUTERS/Brendan McDermidLONDON/BOSTON Stock market optimism about U.S. President Donald Trump's economic agenda is overdone and political risk in Europe isn't priced in, according to some hedge funds who are betting that the rally in equities is coming to an end. But the industry has had mixed fortunes since then, losing on average 1.1 percent in 2015 and making 5.5 percent in 2016, according to data from industry tracker Hedge Fund Research. But hedge fund managers like Seth Klarman, who has been running $30 billion Boston-based hedge fund Baupost Group since 1982, worry Trump's polices may cause a sharp rise in inflation, while his protectionist tone on trade could hit other major economies. As a result, gross leverage is low on average," said one London-based investor in hedge funds. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 16, 2017.
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How major US stock market indexes fared on Tuesday
The Standard & Poor's 500 index picked up 14.22 points, or 0.6 percent, to 2,365.38. On Monday:The Dow Jones industrial average jumped 118.95 points, or 0.6 percent, to 20,743. The Russell 2000 index surged 10.48 points, or 0.7 percent, to 1,410.34, also a record. Stocks again broke records Tuesday as investors came back from a long weekend hungry for deals. While Kraft Heinz and Unilever couldn't complete a proposed $143 billion mega-merger, food and household goods makers rose as investors bet that other deals are coming.REUTERS/Brendan McDermidLONDON/BOSTON Stock market optimism about U.S. President Donald Trump's economic agenda is overdone and political risk in Europe isn't priced in, according to some hedge funds who are betting that the rally in equities is coming to an end. But the industry has had mixed fortunes since then, losing on average 1.1 percent in 2015 and making 5.5 percent in 2016, according to data from industry tracker Hedge Fund Research. But hedge fund managers like Seth Klarman, who has been running $30 billion Boston-based hedge fund Baupost Group since 1982, worry Trump's polices may cause a sharp rise in inflation, while his protectionist tone on trade could hit other major economies. As a result, gross leverage is low on average," said one London-based investor in hedge funds. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 16, 2017.
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collected by :Jack Luxor
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