S&P, Dow Rise With Help From Banks; Nasdaq Lags<br />NEW YORK — The S&P 500 and the Dow industrials registered record closing highs on Tuesday with a boost from bank stocks as investors eyed a potential cut in U. S. corporate taxes<br />and continued economic growth after strong inflation data.<br />Jack Ablin said that As investors become more comfortable (that) the economic recovery appears to be expanding, they’re starting<br />to dip their toes into the value sectors like industrials, financials and energy that need earnings growth to expand,<br />The data, which came a day ahead of U. S. Federal Reserve’s widely-expected hike in interest<br />rates could assuage concerns among some Fed officials over persistently low inflation.<br />RJ Grant said that It’s mostly optimism on taxes being close to the finish line and stronger global economic data,<br />The Dow Jones Industrial Average rose 118.77 points, or 0.49 percent, to 24,504.8, the S&P 500 gained 4.12 points, or 0.15 percent, to 2,664.11<br />and the Nasdaq Composite dropped 12.76 points, or 0.19 percent, to 6,862.32.<br />Investors were also hoping U. S. Republicans would be able to complete final legislation<br />for a tax overhaul that is expected to slash corporate tax rates.
