Dow hits new all-time intraday high as market puts Brexit fears behind
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The S&P 500 moved higher in record territory Tuesday and the Dow Jones industrial average briefly broke above its all-time intraday high as fears eased over Brexit and Japan signaled more economic stimulus.
The blue-chips index reached the milestone on the heels of the S&P 500 closing at an all-time high Monday. In late-morning trade Tuesday, the Dow was about 90 points higher, with Goldman Sachs contributing the most gains.
The S&P 500 traded about 0.6 percent higher, led by a more than 1.5 percent rise in energy and materials. Peter Cardillo, chief market economist at First Standard Financial said a rise in oil prices were contributing to stock gains Tuesday.
