Indexes close higher, led by small-company stocks
NEW YORK – The stock market is back in record territory after an upturn in small-company stocks.
A survey released Tuesday by the National Federation of Independent Business found that small business owners were slightly more optimistic in April.
That helped send the Russell 2000 index of small company stocks up 1.3 percent, more than other market indexes.
The Dow Jones industrial average rose 123 points to close at 15,215 Tuesday, a gain of 0.8 percent. It was the 18th straight Tuesday of gains for the Dow.
The Standard and Poor's 500 index rose 16 points to 1,650, or 1 percent.
The Nasdaq composite rose 23 points to 3,462, a gain of 0.7 percent.
Sony jumped 10 percent after a hedge fund manager proposed that the company be broken up.