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US stocks hit new record highs

US stocks climbed past their all-time highs on Tuesday, as stocks continued to rally from their December lows.The S&P 500 reached 2933.68 points, brea...

Posted: Apr 24, 2019 9:09 AM

US stocks climbed past their all-time highs on Tuesday, as stocks continued to rally from their December lows.

The S&P 500 reached 2933.68 points, breaking through the historical closing high of 2,930.75 points that it set in September. The Nasdaq nearly hit 8121 points, beating the 8,110 point all-time best close it hit in August. Neither index managed to tackle their respective record intraday highs of 2,940 and 8,133, but market watchers typically measure all-time highs on closing prices.

Stocks were driven higher Tuesday by stronger shares in the consumer goods, heath care and technology sectors. Hasbro, Twitter and Quest Diagnostics were among the best performers of the day.

The trading day painted a story of strong US consumers, said Edward Moya, senior market analyst at Oanda.

But it was touch-and-go in the market to close out last year.

Over the past seven months or so, market watchers have gotten severe whiplash, said John Lynch, chief investment strategist at LPL Financial.

After all, they saw "a near-bear market in stocks' worst fourth quarter since the financial crisis, followed by a V-shaped recovery and the best first quarter for the S&P 500 since 1998," he said.

In late December, stocks faced some intense volatility and registered some of their worst one-day drops in history. The S&P and the Dow recorded their worst Christmas Eve trading days ever.

Since then, the S&P has been lifted some 25%, while the Nasdaq and the Dow have climbed more than 30% and 22%, respectively, according to Refinitiv.

That surely was a fast recovery. Perhaps too fast, Lynch cautioned. Many bigger market themes, such as the US-China trade spat or structural problems in Europe, remain against a backdrop of slowing economic activity. This could keep stocks from gaining significantly more in the short-term, said Lynch.

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 708779

Reported Deaths: 13226
CountyCasesDeaths
Marion966191721
Lake51761946
Allen39224672
Hamilton34549405
St. Joseph34157541
Elkhart27356432
Vanderburgh22081394
Tippecanoe21853212
Porter17935299
Johnson17544374
Hendricks16822310
Clark12697190
Madison12353337
Vigo12219244
Monroe11469166
LaPorte11162204
Delaware10366184
Howard9664211
Kosciusko9134114
Hancock7990139
Bartholomew7893155
Warrick7691155
Floyd7563176
Wayne6906198
Grant6844171
Boone6556100
Morgan6405138
Dubois6085117
Marshall5786108
Dearborn570376
Cass5685102
Henry5579101
Noble542683
Jackson493569
Shelby479495
Lawrence4342118
Gibson429089
Harrison428570
Clinton419753
Montgomery418086
DeKalb411184
Whitley380239
Huntington379880
Miami372865
Knox366689
Steuben365757
Putnam353160
Jasper350946
Wabash347878
Adams338052
Ripley334668
Jefferson313180
White308454
Daviess289499
Wells286481
Decatur279092
Fayette277262
Greene270785
Posey268833
Scott261153
LaGrange253670
Clay253544
Randolph235680
Washington231031
Spencer228031
Jennings225047
Fountain208845
Sullivan207942
Starke204752
Owen192356
Fulton192039
Jay186429
Carroll185920
Perry180736
Orange177853
Rush170724
Vermillion166043
Franklin165635
Tipton161043
Parke144616
Blackford133831
Pike130334
Pulaski113845
Newton104234
Brown100140
Crawford97614
Benton97113
Martin82915
Warren79715
Switzerland7698
Union69910
Ohio55811
Unassigned0408

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1054807

Reported Deaths: 18991
CountyCasesDeaths
Franklin1225191356
Cuyahoga1074592069
Hamilton783261168
Montgomery50176996
Summit45557909
Lucas40298765
Butler37768570
Stark31513895
Lorain24246473
Warren23910293
Mahoning20946583
Lake20067362
Clermont19459229
Delaware18085130
Licking16149207
Fairfield15757197
Trumbull15627460
Medina14922259
Greene14706236
Clark13660293
Wood12806185
Portage12431196
Allen11352229
Richland11067198
Miami10548214
Muskingum8717127
Wayne8594209
Columbiana8569226
Pickaway8439121
Marion8390135
Tuscarawas8387240
Erie7600154
Hancock6730123
Ross6707146
Geauga6553146
Ashtabula6530165
Scioto6295101
Belmont5634158
Union558447
Lawrence5470102
Jefferson5343147
Huron5314114
Darke5273121
Sandusky5189120
Seneca5139120
Washington5087107
Athens503856
Auglaize476284
Mercer471984
Shelby456590
Knox4397108
Madison423959
Putnam421799
Ashland413488
Fulton410567
Defiance404296
Crawford3883101
Brown386955
Logan374476
Preble371098
Clinton362160
Ottawa357978
Highland347459
Williams328674
Champaign321557
Jackson308551
Guernsey307549
Perry290549
Fayette278048
Morrow275939
Hardin264764
Henry264366
Coshocton259857
Holmes253499
Van Wert239262
Pike233831
Gallia233446
Adams229152
Wyandot227553
Hocking209759
Carroll189447
Paulding168838
Meigs141738
Noble132937
Monroe128941
Morgan106823
Harrison105636
Vinton81614
Unassigned02
Fort Wayne
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Angola
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Huntington
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Fort Wayne
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Lima
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A strong cold front will bring rain and accumulating snow to the Midwest Tuesday along with frigid temperatures overnight.
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