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S&P, Nasdaq hit record highs on gains in tech, consumer staples


By Yashaswini SwamynathanREUTERS - The S&P 500 and the Nasdaq drifted higher to hit record intraday levels on Tuesday, supported by gains in technology and consumer staple stocks.As the first-quarter earnings season wraps up, investors' attention will turn to developments in Washington that could overshadow Republican legislative priorities such as tax reform, healthcare and simpler regulations.Investors were wary after reports that President Donald Trump disclosed highly classified information to Russia's foreign minister about a planned Islamic State operation.The dollar index - which ...

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First Published: Tue, May 16 2017. 19:21 IST