August 7, 2018 / 8:10 PM / 3 months ago

US STOCKS SNAPSHOT-S&P 500 moves closer to record high; Amazon, Alphabet help

NEW YORK, Aug 7 (Reuters) - The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the strength in the U.S. economy.

Based on the latest available data, the Dow Jones Industrial Average rose 126.73 points, or 0.5 percent, to 25,628.91, the S&P 500 gained 8.05 points, or 0.28 percent, to 2,858.45 and the Nasdaq Composite added 23.99 points, or 0.31 percent, to 7,883.66. (Reporting by Caroline Valetkevitch; editing by Jonathan Oatis)

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