US stocks rose modestly on Tuesday, with gains in the tech sector helping lift the Nasdaq to a record intraday high.
The Dow Jones industrial average rose0 point 1 percent, to 18 thousand 5 hundred and 47 point, the S&P 500 gained 0 point 2 percent, to 2 thousand 1 hundred and 87 point and the Nasdaq Composite added 0 point 3 percent, to 5 thousand 2 hundred and 60 point .
Solid housing market data, which rose unexpectedly by 1 point 8 percent in July, provided evidence the economy may be picking up momentum. With the US earnings season winding down, investors are also turning their focus to the likelihood of an interest rate hike in the coming months.