Records have become commonplace on Wall Street lately, and Tuesday was no exception. Generally favorable sentiment from investors helped send some market benchmarks toward unprecedented heights. As of 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 69 points to 35,405. The S&P 500 (SNPINDEX: ^GSPC) was in line for a new record, gaining 12 points to 4,491, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had also climbed further into record territory with a 68-point rise to 15,011.
Gains have been widespread across the market, and Tuesday's action only confirmed the breadth of the recent rally. Alibaba Group Holding (NYSE: BABA) is a household name around the world, while most investors have probably never heard of Triple-S Management (NYSE: GTS) . Both, however, made notable moves higher that showed just how bullish the current environment is across the economy.
Shares of Alibaba were higher by nearly 7% on Tuesday morning. The Chinese internet giant had lost half its value since October, but traders seem to believe the decline presents a buying opportunity for value-hunting investors.
For further details see:
These 2 Stocks Are Scoring Big Wins Tuesday