12-07-2016 22:38 via news.yahoo.com

S&P and Dow hit records as growth bets boost Wall Street

By Rodrigo Campos NEW YORK (Reuters) - A broad rally lifted the S&P 500 and Dow industrials to record highs on Tuesday, with a sharp rebound in crude prices boosting energy shares, while the Nasdaq turned positive for the year. Cyclical sectors like technology, materials and energy posted the largest gains on the S&P, backed by the view that the U.S. economy, despite a slow start to the year, is on solid footing. Cyclicals are seen taking the lead in stocks for the rest of the year after
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