Stocks Ended at Record, Led by Tech

U.S. stocks ended higher on Tuesday, led by gains in technology sector. The Dow Jones Industrial Average rose 160.50 points, or 0.69%, to 23,590.83. The S&P 500 gained 16.89 points, or 0.65%, to 2,599.03. The Nasdaq Composite added 71.76 points, or 1.06%, to 6,862.48.

Oil settled higher Tuesday, as traders awaited an update on U.S. crude supplies that comes ahead of a key meeting of major producers next week. January West Texas Intermediate crude rose 41 cents, or 0.7%, to settle at $56.83 a barrel. January Brent added 35 cents, or 0.6%, to $62.57.

Salesforce.com Inc (CRM) reported better-than-expected quarterly profit and revenue, helped by strong demand for its cloud-based sales and marketing software. Net income was $51.4 million, or 7 cents per share, in the third quarter ended Oct. 31, compared with a loss of $37.3 million, or 5 cents per share, a year earlier. Revenue rose to $2.68 billion from $2.14 billion.