NEW YORK (July 9, 2013)—Stocks closed higher Tuesday as traders bought companies that fare best when the economic outlook is bright.
All major stocks indexes rose Tuesday, but the gains were led by the riskier parts of the market, which suggests that investors are more confident about the economy's prospects.
The Dow Jones industrial average rose 75 points to end at 15,300.
The Standard & Poor's 500 index gained 11 points to close at 1,652.
The Nasdaq composite rose 19 points to end the day at 3,504
The Russell 2000, an index of small company stocks, rose eight points to 1,018.
The index has gained 4.2 percent in July and is at record levels.
The Dow Jones transportation index rose on strong gains for Alaska Air Group and FedEx.
The Dow is considered a leading indicator for the broader economy.