US stock index Dow at record high as central banks reassure Wall Street

NEW YORK: Stocks rose on Tuesday, with the Dow closing at yet another record high, in the wake of Wall Street's first three-day losing streak of the year, after central banks reassured investors that they will keep policies designed to foster global growth.

Consumer confidence was the strongest in May in over five years, while home prices accelerated in March by the most in nearly seven years. The reports showed the U.S. economy's resilience despite the pinch of belt-tightening from automatic cuts in federal spending.