Financials lead Wall Street to record high

S&P 500, Nasdaq end at record highs as banks lead rally

S&P 500, Nasdaq end at record highs as banks lead rally

All-time highs today for the Dow, S&P 500, NASDAQ 100, NASDAQ Composite and the advance decline line.

After the closing bell, Nordstrom shares jumped 8.8% after reports that the high-end retailer chose private equity firm Leonard Green & Partners to help take the company private.

New York- Wall Street stocks jumped to fresh records Tuesday, boosted by financial shares that led a rally on easing fears over North Korea and U.S. hurricanes.

The gains came on the heels of a solid rally Monday after Hurricane Irma caused less damage in Florida than feared, and as anxiety about North Korea's nuclear program diminished.

"A lot of it is the realization that the latest hurricane wasn't as devastating in the U.S.as people feared", said Tim Ghriskey, chief investment officer of Solaris Asset Management in NY.

The Dow Jones industrial average soared 259.58 points, or 1.2 percent, to 22,057.37. Apple's release date of November 3 was later than some investors had expected.

Apple saw some of the steepest losses in opening trade.

Apple was the second-biggest drag on the S&P behind McDonald's, which fell more than 3 percent on concerns about its third-quarter results. The Nasdaq Composite Index was off 15 points, or 0.2%, to 6,439. Travelers (TRV) topped gains on the Dow, rising 2.4%, while other insurers also rose.

Financials rose more than 1 percent, with numerous biggest banks gaining between 1 percent and more than 3 percent.

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