U.S. stocks up on Tuesday as concerns over Europe's debt crisis fade

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Source: Dukascopy Bank SA
U.S. stocks closed higher on Tuesday, with the S&P 500 Index trading at its record high, as concerns over the Eurozone's debt crisis faded and report showed factory orders climbed in February due to increasing demand for motor vehicles and aircraft. The Standard  & Poor's 500 Index rallied 0.5% to end at 1,570.25. Seven out of ten groups in the index edged higher. Health care shares were 1.5% up for the biggest jump on S&P 500, as  Medicare said it does not see any decrease in payments for its well-known Medicare Advantage program in 2014. DaVita HealthCare Partners Inc. surged 6.1% to finish at $79.11, as Darren Lehrich, an analyst at Deutsche Bank, raised its  stock rating to buy from hold. The health care company Humana Inc. followed with a 5.5% increase to end at $79.11. Meanwhile, The NASDAQ OMX Inc. Group plunged 13% for the biggest drop in the gauge, as it agreed to buy the bond platform of BGC Partners Inc. Basic materials group capped further increase in the index, as United States Steel Corp. erased 5.7% to $17.65.

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Wed, 03 Apr 2013 12:33:06 GMT

Dow trades at a record hogh on Tuesday

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