US stocks rose on Tuesday, with both the Dow and S&P 500 hitting fresh intraday records on the back of strong consumer data suggesting the market's long-running rally could continue. The day's gains were broad, with only the telecom and utility sectors lower on the day. Both groups are viewed as defensive plays that underperform in periods of economic expansion. Energy shares, which are highly correlated to the pace of growth, led the day's gain with a 0.8 percent advance.
The S&P climbed back above 2,000, which it had breached for the first time on Monday. With Tuesday's move, both the Dow and the S&P have risen in 10 of the past 13 sessions, while the Nasdaq is up for 11 of the past 13 sessions. However, much of the market's recent gains have come on low volume, suggesting many traders may be reluctant to jump in at current levels. The Dow Jones industrial average rose 66.4 points or 0.39 percent, to 17,143.27, the S&P 500 gained 6.1 points or 0.31 percent, to 2,004.02 and the Nasdaq Composite added 15.00 points or 0.33 percent, to 4,572.35.
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