HAL - Dow Soars 200+ for 9th Straight Winning Day

The S&P 500 rose Tuesday, approaching its record high, as the Federal Reserve's recent dovish shift on rates lifted stocks.

The Dow Jones Industrials vaulted 251.90 points to conclude Tuesday at 37,557.92.

The S&P 500 climbed 27.81 points to 4,768.37. With Tuesday's gain, the S&P 500 is about 0.7% from surpassing its record close and 1.2% from equaling its intraday record, both set in January of 2022.

The NASDAQ jumped 98.03 points to 15,003.22.

Walgreens Boots Alliance was the best performer in the Dow, with shares up by more than 3%. Meanwhile, solar stocks Enphase Energy and First Solar were the greatest advancers in the S&P 500, Enphase up by more than 6%, First Solar ahead 5%.

Energy stocks outperformed, with the S&P 500 sector up by more than 1% as oil prices rose. Occidental Petroleum shares gained more than 2%, while Halliburton and Exxon Mobil shares were each higher by more than 1%.

All three major averages on pace to finish December with gains. The S&P 500 is up more than 4% for the month and coming off its longest weekly winning streak since 2017. The Dow vaulted 4% and NASDAQ was up more than 5%.

Prices for the 10-year Treasury gained ground, lowering yields to 3.93% from Monday's 3.94%. Treasury prices and yields move in opposite directions.

Oil prices hiked $1.11 to $73.58 U.S. a barrel.

Gold prices progressed $12.90 at $2,053.40.