All three major indexes closed at record highs Tuesday as investors moved past concerns about the state of the U.S. economy.
The S&P 500 index settled up 0.27% at 6,512.61, while the Nasdaq Composite gained 0.37% to end the day at 21,879.49, with the latter hitting a new all-time intraday high as well. The Dow Jones Industrial Average finished up 196.39 points, or 0.43%, at 45,711.34, thanks to a surge in UnitedHealth shares.
Investor worries that the economy may not be holding up as well as previously thought were exacerbated Tuesday after the Bureau of Labor Statistics updated its jobs figures for the 12 months through March, lowering the total payroll gains during that period by a whopping 911,000. Not only were the revisions on the high end of what Wall Street anticipated but they were also the largest on record going back to 2002.
Source : CNBC
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