Dow, S&P 500 close at new records in NY

Wall St. Hits New Record Highs as Financials, Industrials Gain

Wall Street stocks edged up to fresh records Tuesday as the bull market marched onwards following solid economic data while the Federal Reserve opened a two-day policy meeting.

Six of the index's 10 sectors were up, led higher by technology, energy and financial stocks. Hong Kong's Hang Seng fell almost 0.4 per cent to 28,051.41, while the Shanghai Composite dipped 0.2 per cent to 3,356.84.

At 2:59 p.m. ET, the Dow Jones Industrial Average .DJI rose 41.46 points, or 0.19 percent, to 22,372.81, the S&P 500 .SPX gained 2.52 points, or 0.10 percent, to 2,506.39 and the Nasdaq Composite .IXIC added 4.49 points, or 0.07 percent, to 6,459.13.

The rally in USA showed little sign of fatigue as investors piled into equities amid falling tensions on the Korean Peninsula while financials surged amid expectations that the Federal Reserve will reaffirm its outlook that an additional rate hike remains appropriate this year, when it concludes its two-meeting policy meeting on Wednesday. On the Nasdaq, 1,248 issues rose and 977 fell. Financials gained 0.4% while health care slipped 0.4%. -North Korea tensions, fleeing safe-haven gold in search of riskier assets such as equities in the wake of U.S secretary of state Rex Tillerson's comments that US seeks a "peaceful solution" and wants to "bring North Korea to the table for constructive, productive dialogue".

Russian Helicopter Fires on Spectators During Drills
At least two vehicles were destroyed, whereas two people, most likely journalists, suffered serious injuries, the source said. The video of the incident, published by 66.ru, depicts a helicopter firing a shot at a man walking near three cars.

Investors are also watching U.S. President Donald Trump's speech at the United Nations General Assembly where he is expected to urge U.N. member states to increase pressure on North Korea to give up its nuclear weapon ambitions.

The Federal reserve meeting is likely to yield details on how the central bank will unwind its $4.2 trillion portfolio of Treasuries and mortgage-backed securities, almost a decade after the global financial crisis. The expectations are that rates will remain unchanged and they (the Fed) will start balance sheet unwinding.

While a September interest rate increase is not expected, investors will closely watch Fed Chair Janet Yellen's views on inflation, as they look for clues on whether or not the Fed will raise rates in December.

Nike (NKE.N) fell 1.62 percent, pulling the Dow down the most, after a slew of price target cuts by brokerages on concerns about intensifying competition from Adidas (ADSGn.DE).

White House denies reports that United States changing stance on Paris climate pact
The U.S. withdrawal was seen as a policy victory for then-adviser Stephen Bannon and his deep suspicion of global agreements and obligations.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 per cent after wobbling between positive and negative territory in early trading. South Korea's Kospi lost almost 0.1 per cent to 2,416.05.

"Investors are looking at equities as the best game in town for returns", Bakhos said.

Orbital ATK jumped 19.84 percent after Northrop Grumman said it would buy the missile and rocket maker for about $7.8 billion in cash.

Shares of Nabriva Therapeutics soared 90 percent after the company said its drug to treat community-acquired bacterial pneumonia met the main goal of a late-stage study.

In 9 seconds, Tyrie Cleveland changes trajectory of Gators' season
Quarterback Jesse Ertz of the Wildcats (2-1) was tackled short on fourth-and-8 deep in Vanderbilt territory with 1:06 left. Florida almost botching the time management on its final drive despite having two timeouts and 50 seconds to work with.

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