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S&P 500 touches all-time high as earnings drive stock gains

🕐 1 min read

NEW YORK (AP) — The S&P 500 index briefly traded at an all-time high as the stock market’s bull run comes closer to becoming the longest on record.

The benchmark index closed slightly higher on Tuesday, but a little below the high mark it set in January.

The current bull market, which began in 2009, is on track to become the longest in history on Wednesday, surpassing the bull run of the 1990s.

The Russell 2000 of small-company stocks closed at an all-time high.

Tuesday’s gains were driven by strong earnings. Medtronic, a medical device maker, rose 5.7 percent.

The S&P 500 rose 5 points, or 0.2 percent, to 2,862.

The Dow Jones Industrial Average gained 63 points, or 0.2 percent, to 25,822. The Nasdaq composite rose 38 points, or 0.5 percent, to 7,859.

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