Stocks rose on Tuesday as latecomers jumped onto the September bandwagon, buying up sectors that have outperformed during the month.
The S&P 500 has risen 9.4 percent so far in September, historically the worst month for stocks.
"When a month takes you by surprise like this, you tend to be underexposed to stocks and overexposed in cash and bonds. And as the quarter comes to an end, people are rushing to at least have ownership of the stocks that have performed well and have a good outlook. That's causing the aggressiveness in the market," said Marc Pado, U.S. market strategist at Cantor Fitzgerald & Co in San Francisco.
Dow Jones Industrial Average
(DJI: ^DJI)| Index Value: | 10,858.14 |
|---|---|
| Trade Time: | 4:01PM EDT |
| Change: |  46.10 (0.43%) |
| Prev Close: | 10,812.04 |
|---|---|
| Open: | 10,809.17 |
| Day's Range: | 10,728.64 -10,886.21 |
| 52wk Range: | 9,378.77 -11,309 |
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