The S&P 500 index hit a record high shortly after the open on Tuesday, lifted by big U.S. banks, while investors looked to consumer confidence data against the backdrop of rising inflation and a spike in COVID-19 cases in Asia.
At 10:35 a.m., the S&P 500 gained 0.5% to record high of 4,300.52. The Dow Jones Industrial Average rose 0.48% to 34,447.68, and the Nasdaq Composite rose 0.04% to 14,505.21.
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