The S&P 500 and Nasdaq Composite were on course to set new records on Tuesday, as investors seized on dovish signals from central banks to extend a months-long recovery, despite continued uncertainty over the outlook for the global economy.
The S&P 500 was up 0.9 per cent in early afternoon trading in New York thanks to a rally in the healthcare, consumer discretionary and technology sectors. That pushed the equities benchmark past its peak closing level from September 20 last year of 2,930.8.
The tech-focused Nasdaq Composite jumped 1.2 per cent, taking it past its previous peak close of 8,109.7 on August 29.
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