US stocks hit all-time highs as stock market rally boosts stocks

WASHINGTON — Stocks hit all time highs on Tuesday as investors poured into the market as investors raced to get ahead of a potential selloff.

The S&P 500 posted a record-setting intraday gain of 1.8%, with the Nasdaq composite gaining 3.6%.

The Dow Jones industrial average gained 3,636 points to 20,927.

The Russell 2000 climbed 2.9% to 2,097.60.

The Nasdaq, meanwhile, was down 6.5% to 4,724.19.

Investors also saw gains in stocks like Apple Inc., IBM Inc. and Intel Corp. that are benefiting from rising confidence in the U.S. economy.

The Dow Jones Industrial Average gained 635 points to 23,067.25 and the Russell 2000 gained 586 points to 16,897.24.

The CBOE Volatility index rose 3.9%, with stocks falling for a fourth straight day.

The S&P 500 fell 6.9%.

The Nasdaq climbed 6.4%.

The Russell 1000 index fell 1.6% to 5,873.75.