Dow, S&P Close at New Record Highs, Apple to Begin New iPhone

Stocks ended higher on Tuesday with the Dow and S&P 500 both closed a new record highs, as health insurers  rallied on Medicare-reimbursement news and U.S. factory orders rose in February. The Dow industrials rose  88.16 points, or 0.61%, to 14,662.01. The S&P 500 added 8.08 points, or 0.52%, to 1,570.25. The Nasdaq  Composite rose 15.69 points, or 0.48%, to end at 3,254.86.

Apple Inc.plans to start building the next iteration of its iPhone sometime in the second quarter,  according to a report Tuesday afternoon in the Wall Street Journal.

The Securities and Exchange Commission said on Tuesday that companies can use Twitter, Facebook and other  social media to announce key information.

European regulators moved a step closer to penalizing Google for the way it handles user data after the  search engine refused to change its privacy policy. France, Germany, Italy, the Netherlands, Spain and Britain said on Tuesday they began a process to decide if Google’s policy introduced in March 2012 broke
national laws.

Sales of sport-utility vehicles and pickup trucks jumped in March, spurred by rising home prices and an  increase in housing construction, major automakers said on Tuesday.