S&P 500 hits record high as bank stocks gain

A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 28, 2021. REUTERS/Andrew Kelly

(Reuters) – The S&P 500 index hit a record high shortly after the open on Tuesday, lifted by big U.S. banks, while investors looked to consumer confidence data against the backdrop of rising inflation and a spike in COVID-19 cases in Asia.

At 09:35 a.m., the S&P 500 gained 8.65 points, or 0.20 %, to record high of 4,299.26. The Dow Jones Industrial Average rose 166.06 points, or 0.48% , to 34,449.33, while the Nasdaq Composite lost 5.31 points, or 0.04%, to 14,495.20.

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