Stocks rose on Tuesday as investors decided that the Russia-Ukraine conflict appears to be cooling off. Prices fell for safe-haven assets like gold and Treasury notes.
The Standard & Poor's 500 index closed at a record high, and so did the Russell 2000 index of small-company stocks. All 10 industry groups in the S&P 500 index rose. The Dow Jones industrial average has risen five out of the last six trading days.
The Dow Jones industrial average rose 227.85 points, or 1.4 percent, to 16,395.88.
The Standard & Poor's 500 index rose 28.18 points, or 1.5 percent, to 1,873.91.
The Nasdaq composite rose 74.67 points, or 1.8 percent, to 4,351.97.
For the week:
The Dow is up 74.17 points, or 0.5 percent.
The S&P 500 is up 14.46 points, or 0.8 percent.
The Nasdaq is up 43.85 points, or 1 percent.
For the year so far:
The Dow is down 180.78 points, or 1.1 percent.
The S&P 500 is up 25.55 points, or 1.4 percent.
The Nasdaq is up 175.38 points, or 4.2 percent.