The Dow and S&P 500 gained to finish at five-year highs in choppy trading Tuesday, ahead of President Barack Obama's State of the Union address later this evening.
With the Dow's move higher, the blue-chip average is now about 1 percent from its all-time record close of 14,164.53 hit on October 9, 2007. The Dow is up more than 7 percent so far in 2013.
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The Dow Jones Industrial Average [ .DJI 16805.41 +127.51 (+0.76%) ] rose 47.46 points, or 0.34 percent, to close at 14,018.70, led by Bank of America.
The S&P 500 [ .SPX 1964.58 +13.76 (+0.71%) ] added 2.42 points, or 0.16 percent, to finish at 1,519.43. The Nasdaq [ .IXIC 4483.72 +30.92 (+0.69%) ] slid 5.51 points, or 0.17 percent, to end at 3,186.49.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended below 13.
Among key S&P sectors, financials climbed to a fresh four-year high, while techs finished in the red. S&P financial stocks that hit new multi-year highs include T.Rowe Price [ TROW 77.84 +0.52 (+0.67%) ], American Express [ AXP 86.40 +0.79 (+0.92%) ] and AIG [ AIG 52.16 +0.54 (+1.05%) ].
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