21.11.201721:51:00UTC+00Wall Street Gains as Tech Rallies

U.S. stocks advanced to record peaks on Tuesday as a rally in tech boosted the wider market.

The Dow Jones industrial average rose 0.69 percent to 23,590.83, a record. Apple climbed 1.9 percent and was the best-performing stock on the 30-stock index.

The S&P 500 increased 0.7 percent to 2,599.03, an all-time peak, with information technology as the best-performing sector. The index also broke above 2,600 for the first time during the session.

The Nasdaq composite climbed 1.1 percent to an all-time peak of 6,862.48. Large-cap tech stocks like Facebook, Amazon, Netflix and Alphabet all ended higher, along with the iShares Nasdaq Biotechnology ETF.

Healthcare stocks also advanced following bullish results from medical device maker Medtronic, whose shares climbed 4.8 percent after the firm posted better-than-expected results and showed support for its full-year forecast.

The S&P technology index rose 1.2 percent, buoyed by an almost 1.9 percent gain in Apple. The index has increased 38.6 percent in 2017, by far more than any other sector.

Goldman Sachs improved its earnings estimate for S&P 500 firms in 2018 and 2019 based on expectations of U.S. corporate tax reform, above-trend global and U.S. economic expansion and gradual rising interest rates from a low base.