Investors remained in a record-setting mood Tuesday, edging the Dow Jones industrial average and Standard & Poor’s 500 index to their latest all-time highs.
Stocks moved higher in late afternoon trading Tuesday, on track to deliver a record-high close for the Dow Jones industrial average and Standard & Poor’s 500 index. Pharmaceutical and medical equipment stocks were among the biggest gainers. A positive outlook from homebuilders and encouraging news from Japan and Germany also helped lift markets.
The nation’s largest servicer of subprime mortgages has engaged in abuses that could potentially harm hundreds of thousands of borrowers, according to the New York Superintendent of Financial Services.