Wall Street jumps to new high as banks lead indexes

NEW YORK: Stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further.

Gains were broad, but growth sectors outperformed their peers with bank stocks leading the way. Bank of America , up 2.8 percent at $13.34, was the Dow's biggest percentage gainer, while Citigroup Inc rose 2.4 percent to $50.09.