Evidence that global manufacturing is expanding pushed the stock market to another all-time high on Tuesday. The Dow Jones industrial average climbed within two points of 17,000 for the first time after separate surveys showed that manufacturing grew in both China and the U.S., the world’s two largest economies.
The Dow Jones industrial average rose 129.47 points, or 0.8 percent, to close at 16,956.07.
The Standard & Poor’s 500 index rose 13.09 points, or 0.7 percent, to 1,973.32.
The Nasdaq composite index rose 50.47 points, or 1.1 percent, to 4,458.65.
For the week:
The Dow rose 104.23 points, or 0.6 percent.
The S&P 500 rose 12.36 points, or 0.6 percent.
The Nasdaq rose 60.72 points, or 1.4 percent.
For the year:
The Dow is up 379.41 points, or 2.3 percent.
The S&P 500 index is up 124.96 points, or 6.8 percent.
The Nasdaq is up 282.06 points, or 6.8 percent.