Dow, S&P 500 Reach Record Highs As Crude Oil Extends Nosedive

India, Aug. 4 -- Stocks have moved sharply higher during trading on Tuesday, extending the strong upward move seen over the past several sessions. The major averages have all shown significant moves to the upside, with the Dow and S&P 500 reaching new record intraday highs.

Currently, the major averages are just off their highs of the session. The Nasdaq is up 422.86 points or 1.6 percent at 26,336.76, the Dow is up 804.87 points or 1.5 percent at 53,983.28 and the S&P 500 is up 87.40 points or 1.2 percent at 7,687.90.

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Published by HT Digital Content Services with permission from RTT News....