S&P 500 and the Dow Jones industrial average are heading for record highs


NEW YORK, N.Y. – Encouraging economic news is sending the stock market further into record territory.

A surge in consumer confidence helped push the Standard & Poor’s 500 past 2,000 Tuesday morning, a day after the index closed just short of that milestone.

The Dow Jones industrial average was on track for its own record high.

At midday Eastern time the S&P 500 was up six points, or 0.3 per cent, to 2,004.

The Dow rose 67 points, or 0.4 per cent, to 17,143. The Nasdaq rose 14 points, or 0.3 per cent, to 4,572.

Amazon rose 3 per cent after saying it would buy Twitch, a video streaming company.

Best Buy slumped 5 per cent after profits plunged at the consumer electronics store chain.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.39 per cent.

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