Dow hits record as US stocks extend rally

July 13, 2016 02:01

The Dow shot up to a new record on Tuesday as global equity markets rallied again amid confidence in US economic strengthening and the continuation of central bank easy-money policies.

At the closing bell, the Dow Jones Industrial Average was up 0.7 per cent.

The broad-based S&P rose 0.7 per cent to hit a record for the second straight day, while the Nasdaq Composite Index gained 0.7 per cent to close above 5,000 for the first time all year.

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