NEW YORK (Feb 7): US stocks were higher in later morning trading on Tuesday, with the Dow Jones Industrial Average and the Nasdaq Composite hitting record levels and the S&P 500 coming within spitting distance of yet another all-time high. The S&P 500 is trading at 17.7 times forward 12-month earnings, above the 10-year median of 14.7 times, according to StarMine data. The S&P 500 was up 5.34 points, or 0.23 percent, at 2,297.9 and the Nasdaq Composite was up 22.95 points, or 0.41 percent, at 5,686.51. Apple's 1.3 percent rise provided the biggest boost to the S&P and the Nasdaq, while Boeing's 1.9 percent rise helped lift the Dow. The S&P 500 index showed 25 new 52-week highs and two new lows, while the Nasdaq recorded 73 new highs and 25 new lows.

Source: The Edge Markets February 07, 2017 16:31 UTC