The Dow Jones industrial average and Standard & Poor's 500 index both closed at record highs Tuesday after reports on auto sales and factory orders provided the latest evidence that the U.S. economy is strengthening. Traders plowed money back into European stocks as the financial situation in Cyprus appeared to stabilize.
The Dow closed up 89.16 points, or 0.6 percent, at 14,662.01.
The S&P 500 rose 8.08 points, or 0.5 percent, to 1,570.25.
The Nasdaq composite added 15.69 points, or 0.5 percent, to 3,254.86.
For the week:
The Dow is up 83.47 points, or 0.6 percent.
The S&P 500 is up 1.06 points, or 0.1 percent.
The Nasdaq is down 12.66 points, or 0.4 percent.
For the year:
The Dow is up 1,557.87 points, or 11.9 percent.
The S&P 500 is up 144.06 points, or 10.1 percent.
The Nasdaq is up 235.35 points, or 7.8 percent.