T-Mobile

Phone and bank stocks push indexes higher; Dow reaches new record

Phone and bank stocks push indexes higher; Dow reaches new record

Stocks posted slight gains Tuesday, sending the Dow Jones industrial average to another record, helped by shares of telecommunications companies such as Verizon, Sprint and AT&T.

Small-company and bank stocks also rose as investors continued to speculate that U.S. economic growth will pick up under the incoming Trump administration.

The Dow Jones industrial average rose 35.54 points, or 0.2%, to 19,251.78, a record-high close. The Standard & Poor's 500 index rose 7.52 points, or 0.3%, to 2,212.23 and the Nasdaq composite rose 24.11 points, or 0.5%, to 5,333.

Telecommunications stocks were among the biggest gainers, helped by lots of company-specific news. Dow...

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