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US: Dow, S&P set new records after GDP report


[NEW YORK] US stocks opened higher on Tuesday, with both the Dow and S&P 500 setting new intraday records after an unexpectedly strong report on economic growth.

The Dow Jones industrial average rose 54.55 points, or 0.3 per cent, to 18,013.99, the S&P 500 gained 6.51 points, or 0.31 per cent, to 2,085.05 and the Nasdaq Composite added 10.58 points, or 0.22 per cent, to 4,792.00.