Dow Closed at Record High for Fourth Straight Session

U.S. stocks closed higher on Tuesday, with the Dow Jones Industrial Average turning in a seventh winning session in a row and its fourth straight record close, as expectations of expanded fiscal spending and a corporate tax cut supported investors’ appetite for stocks. The Dow added 54.37 points, or 0.29%, to 18,923.06. The S&P 500 rose 16.19 points, or 0.75%, to 2,180.39. The Nasdaq Composite advanced 57.23 points, or 1.10%, to 5,275.62.

Oil futures staged a sharp rally Tuesday, snapping a three-session losing streak to finish at their highest level in two weeks, buoyed by talk of renewed efforts by members of the Organization of the Petroleum Exporting Countries to shore up a plan to curtail production. December West Texas Intermediate crude climbed $2.49, or 5.8%, to settle at $45.81 a barrel. January Brent crude rose $2.52, or 5.7%, to $46.95 a barrel.

Gap Inc. (GPS) named Teri List-Stoll as the company’s new chief financial officer, effective Jan. 17, the retailer said Tuesday. List-Stoll. who replaces Sabrina Simmons, previously served as CFO of Dick’s Sporting Goods (DKS) and Kraft Foods Group (KHC).

Ford Motor Co is moving ahead with plans to shift production of small cars to Mexico from Michigan, while “two very important products” will be built in its U.S. factories, Chief Executive Officer Mark Fields told Reuters on Tuesday.

Google is going ahead with delayed plans to expand its London offices, saying it will build a 10-story building on the site in a move that the U.K.