Stocks finish higher; S&P 500, Nasdaq sweep to new records
U.S. stocks closed mostly higher Tuesday, pushing the S&P 500 and Nasdaq indexes to another round of record highs, as investors took some comfort from progress on U.S.-China trade talks and shrugged off tepid consumer confidence data. The Dow Jones Industrial Average was down about 60 points or 0.2% to close at about 28,249, one day after the committee that runs the blue-chip index announced an overhaul of its composition. The S&P 500 added about 12 points or 0.4%, closing at a fresh high of 3,444, its 17th of the year. The Nasdaq Composite hit its 38th high of 2020, up 86 points, 0.8%, to 11,466. Consumer sentiment touched a fresh pandemic-era low in August, the Conference Board said Tuesday morning. That sent stocks briefly lower, even as a measure of new-home sales surged, and several companies, including J.M.Smucker Co. , reported earnings that beat expectations.