U.S. Stocks Rise To Record Highs On Tuesday As Optimism Grows Under President Trump’s Economic Agenda

By  //  February 21, 2017

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ABOVE VIDEO: U.S. stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump.

(FOX BUSINESS) – U.S. stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump.

Wal-Mart’s shares were the top gainer in the Dow Jones Industrial Average, rising 3 percent after the world’s largest retailer reported higher-than-expected U.S. sales.

Home Depot shares gained 1.4 percent after the home improvement retailer reported higher-than-expected quarterly profit and sales, boosted by a strong U.S. housing market.

In broad gains that saw all 11 major S&P 500 sectors close higher, nearly one in every five stocks on the benchmark index hit a new 52-week high.

The S&P has climbed 10.6 percent since Trump’s Nov. 8 election, sparked by the promise of tax reforms, reduced regulations and increased infrastructure spending.

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