Wall Street

Wall Street Headed for Fourth Day of Gains

S&P 500 close to all-time highs

|

(Reuters)—Stocks rose on Tuesday, carrying the S&P 500 closer to all-time highs and putting it on track for a fourth straight advance as earnings season got under way.

Nine of the S&P's 10 industry sector indexes were higher. Industrial and material shares recorded the biggest gains, though Alcoa Inc (AA.N), the first Dow component to release results for the second quarter, declined 0.5 percent after releasing earnings after Monday's close.

FedEx Corp (FDX.N) was the S&P 500's best performer, climbing 7.2 percent to a four-month high of $105.93. The stock was trading at four times its average daily volume.