US shares edged higher into record territory on Tuesday, backed by stronger-than-expected manufacturing data that in turn spurred US Treasury yields to 2-1/2 year highs on a belief the economy is on a sustained path of recovery.
US share prices posted modest gains. The Dow Jones industrial average rose 62.94 points or 0.39 percent, to close at a record 16,357.55. The S&P 500 gained 5.33 points or 0.29 percent, to hit a record 1,833.32. The Nasdaq Composite added 6.513 points or 0.16 percent, to finish at 4,155.417. The US stock markets closed early at 1 p.m. EST.
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