S&P 500, Dow close at new highs on mining stocks


The Dow rose 83.57 points, or 0.20%, to 42,208.22, the S&P 500 gained 14.36 points, or 0.25%, to 5,732.93 and the Nasdaq gained 100.25 points, or 0.56%, to 18,074.52.

NEW YORK: The S&P 500 and Dow ended at record highs on Tuesday, shrugging off weak consumer confidence data, as mining stocks surged following China's announcement of a sweeping stimulus package.

The indices initially trimmed gains after a report from the Conference Board revealed an unexpected decline in US consumer confidence in September, driven by growing concerns about the labor market's health.

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