Nasdaq climbs to an all-time high

The S&P 500 ended Tuesday just short of a new closing record, while the tech-heavy Nasdaq Composite climbed to an all-time high as bitcoin staged an intraday comeback, CNBC reports.

The blue-chip Dow Jones Industrial Average gained by 68.61 points to 33,945.58 after posting its best day since March on Monday.

The S&P 500 climbed by 0.5 percent to end the day at 4,246.44 while Nasdaq erased earlier losses and climbed by 0.8 percent to hit a fresh intraday record and finish at 14,253.27.

Bitcoin endured another wild session that saw it break below US$30,000, only to later turn green on the day. At one point Tuesday, the world’s largest cryptocurrency wiped out all of its 2021 gains. Tesla, a bitcoin holder, climbed as the digital token bounced off its low. The electric vehicle company was up nearly 0.5 percent at the end of the day.

Major technology shares led the market rally Tuesday as Netflix climbed by 2.3 percent, while Amazon, Apple and Microsoft all gained at least 1 percent.

Facebook jumped by 2 percent. Alphabet shares turned higher even after the European Commission opened a probe into Google’s advertising unit.