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NEW YORK (AP) - The stock market reached another milestone Tuesday as the Dow Jones industrial average closed at a record high.

A day earlier, the broader Standard & Poor's 500, a widely used benchmark for index funds, also reached a record-high close. Both indexes beat peaks set in May 2015.

The Dow, which is made up of just 30 stocks, is an older and better-known barometer of the market than the S&P 500, but professional investors generally pay much closer attention to the S&P 500.

The Dow rose 120.74 points, or 0.7 percent, to 18,347.67. That is 35 points higher than its previous clo...

 

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