New York – A late tick higher was enough to set another record high for the U.S. stock market.
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Indexes had languished for much of the day Tuesday as investors worried that Greece wouldn’t reach an agreement with its creditors. News that a compromise could be in the works helped send indexes marginally higher in the afternoon.
The Standard and Poor’s 500 gained three points, or 0.2 percent, to 2,100, beating its record from Friday. U.S. markets were closed Monday for Presidents Day.
The Dow Jones industrial average rose 28 points, or 0.2 percent, to 18,047. The Nasdaq rose five points, or 0.1 percent, to 4,899.
Goodyear Tire & Rubber rose 3 percent after reporting a jump in profit.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.14 percent