S&P 500 inches closer to a record high, Dow rallies 300 points

By Fred Imbert

The S&P 500 rose on Tuesday, putting it on the cusp of a fresh all-time high amid a rotation out of technology shares and into stocks that would benefit from a reopening of the economy and a vaccine, such as cruise lines and airlines.

The broader market index gained 0.2% and was within 1% of reaching its Feb. 19 record of 3,393.52. The Dow Jones Industrial Average jumped 314 points, or 1.1%. The Nasdaq Composite struggled, however, sliding 0.7%.

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