Another closely watched stock market indicator has also been on a tear: transportation stocks. The Dow Transport average rose 1.9 percent Tuesday and is up 21.8 percent this year, far more than other major indexes. Investors often see these stocks as an indication of where the economy is going. When companies make and ship more goods, the thinking goes, truckers, airlines and railways have more business.
The market rose from the opening of trading and climbed steadily throughout the day. The Dow rose 123.57 points, or 0.8 percent, to 15,215.25. The S&P 500 index rose 16.57 points, or 1 percent, to 1,650.34. Both are at all-time highs.
The Dow has gained for 18 straight Tuesdays. The only day with a longer streak of consecutive gains is Wednesday, with 24 back in 1968, according to Schaeffer's Investment Research.
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