(NEW YORK) — The Dow closed at another record high Tuesday, thanks to a surge in materials companies.
The blue chips index called it a session up 59.98 points at 14,673.46, a 12-percent gain for the year. The Nasdaq added 15.61 points, closing at 3,237.86. The S&P gained 5.54 points to close at 1,568.61.
Materials stocks led the gains following a surge in prices for commodities like copper. Cliffs Natural Resources jumped nine percent.
Meanwhile, small business owners aren’t feeling as confident about the economy. The National Federation of Independent Business said its optimism index fell 1.3 points after three months of modest gains. More than three-quarters of the 759 company owners surveyed said they expect business conditions six months from now to be the same as they are now, or worse.
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Rob McLean and Joshua Berlinger, CNN
Ivana Kottasova, CNN
Paul Menser, BizMojo Idaho