Wall Street edges higher as investors assess Trump's budget
Wall Street edged higher on Tuesday as investors digested President Donald Trump's budget plan, but a drop in consumer discretionary stocks offset a boost from the financial sector.
The S&P 500 was on track for its third straight day of gains and briefly topped 2,400 points for the first time since the markets' plunge last Wednesday on concerns about the future of Trump's presidency.
At 3:09PM ET, the Dow Jones Industrial Average was up 59.6 points, or 0.29 percent, to 20,954.43, the S&P 500 had gained 5.75 points, or 0.24 percent, to 2,399.77 and the Nasdaq Composite had added 6.17 points, or 0.10 percent, to 6,139.79.
Advancing issues outnumbered declining ones on the NYSE by a 1.65-to-1 ratio; on Nasdaq, a 1.17-to-1 ratio favored advancers.
The S&P 500 posted 49 new 52-week highs and 8 new lows; the Nasdaq Composite recorded 79 new highs and 54 new lows.
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