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Stocks eased off their best levels in the final hour of trading but still finished higher for a third-consecutive session Tuesday, with the S&P 500 and Nasdaq finishing above key levels, as investors bet on more stimulus from central banks to bolster the global economy.
The Dow Jones Industrial Average gained 51.09 points, or 0.39 percent, to close at 13,168.60, led by Cisco and Boeing . The blue-chip index has rallied nearly 8 percent this year and is currently about 100 points away from closing at a 4.5-year high . (Read More: Dow Rally Likely to Hit Barrier at 13,500? )
The S&P 500 climbed 7.12 points, or 0.51 percent, to end at 1,401.35. The Nasdaq jumped 25.95 points, or 0.87 percent, to finish at 3,015.86. The S&P and Nasdaq closed above their levels of 1,400 and 3,000 for the first time since early May.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished near 16.
Most S&P sectors finished in positive territory, led by energy and materials, whiledefensive sectors such as utilities and consumer staples closed in the red.
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