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The Dow closed 106.29 points, or 0.7 percent, higher at 15,409.39. The index has risen for 20 straight Tuesdays. The longest streak of consecutive gains for any day of the week was sent in 1968, when there were 24 gains on Wednesdays, according to Schaeffer's Investment Research. The S&P 500 index rose 10.46 points, or 0.6 percent, to 1,660.06. The Nasdaq composite index climbed 29.74 points, or 0.9 percent, to 3,488.89. The Dow has advanced 17.6 percent this year and the S&P 500 index is 16.4 percent higher as investors have piled into stocks. Unlike the first three months of the year, when the biggest gains were in large companies in steady industries that pay big dividends, investors have been bidding up the stocks of companies that will gain more if the economy continues to strengthen. That shift out of lower-risk stocks, like utilities, and into more "cyclical" stocks, like banks and industrial companies, means investors are becoming more aggressive in seeking returns and more comfortable taking on risk. Another bullish signal for the market is the strong growth in small-company stocks. Those stocks have a greater potential for appreciation but also tend to carry greater risk than large, diversified companies. The preference for small stocks was on display again Tuesday as the Russell 2000 index of small-company stocks rose 1.3 percent, more than other market indexes, to 997.35 points, a gain of 13.08 points. Its year-to-date increase of 17.4 percent is 1 percentage point greater than that of the S&P 500. Among other stocks making big moves: Tiffany rose $3.01, or 3.9 percent, to $79.22 after the high-end jewelry seller said its first quarter net income rose 3 percent as sales improved across all regions. The results beat the forecasts of Wall Street analysts. Tesla Motors jumped $13.25, or 13.7 percent, to $110.33. Last week the electric car maker raised almost $1 billion from a bond and stock offering and paid off a government loan nine years early. The company is also set to announce this week that it's expanding a network of car-charging stations. Railway operator CSX fell 20 cents, or 0.8 percent, to $25.30 after one of its freight trains derailed in a Baltimore suburb. Electricity company FirstEnergy dropped 6.5 percent, or $2.76, to $39.86 after Credit Suisse stripped the company of its "outperform" rating, saying that a glut of energy would push down prices the company is able to charge. In commodities trading, the price of oil rose 86 cents, or 0.9 percent, to $95.01. Gold fell $7.70, or 0.6 percent, to $1,378.90 an ounce. The dollar rose against the euro and the Japanese yen.
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