- Stocks closed at record highs Tuesday as Wall Street posted gains for a fifth session.
- ROKU is Real Money's Stock of the Day. The video streaming service said its chief financial officer would step down after nearly five years with the company.
- Boeing fell slightly after the plane maker said it would halt production of its troubled 737 MAX model in January.
All three major indexes closed at record highs Tuesday as Wall Street booked its fifth straight day of gains.
The Dow Jones Industrial Average closed up 31 points, or 0.11%, to 28,267.16, the S&P 500 rose 0.03% to 3,192.52, and the Nasdaq advanced 0.10% to 8,823,36. The S&P 500 hit an all-time intraday high during Tuesday's session.
Leading the Dow higher Tuesday were Goldman Sachs (GS) - Get Goldman Sachs Group Inc. (The) Report, Johnson & Johnson (JNJ) - Get Johnson & Johnson Report, and Home Depot (HD) - Get Home Depot Inc. (The) Report. Apple (AAPL) - Get Apple Inc. Report, meanwhile, hit a record $281.77 on Tuesday.
Stocks closed at record highs Monday as Wall Street gave cautious approval to the phase-one trade agreement between the U.S. and China.
Optimism about the trade deal was giving stocks another jolt Tuesday after White House economic adviser Larry Kudlow insisted that the trade pact with China was "absolutely done" and would see a doubling of U.S. exports to Beijing in the coming years.
Shortly before the market closed, the House Ways and Means Committee approved the US-Mexico-Canada Agreement, known as USMCA, setting up a vote by the full House for Thursday.
Gains were further enhanced by stronger-than-expected housing data for November. Building permits rose 1.4% to a 12 1/2-year high of 1.482 million units, while housing starts jumped 13.6% from a year earlier as mortgage rates remained at multi-year lows.
Boeing (BA) - Get The Boeing Company Report said it would halt production of its troubled 737 MAX model in January as the plane’s return to flight faces further delays and inventories build.
The aircraft maker said it had about 400 737 MAX aircraft in storage.
The MAX has been grounded since March after deadly crashes in Indonesia and Ethiopia killed a total of 346 people.
"The FAA and global regulatory authorities determine the timeline for certification and return to service. We remain fully committed to supporting this process. It is our duty to ensure that every requirement is fulfilled, and every question from our regulators answered," the company said in a statement.
Boeing shares finished slightly lower to $326.93 after trading lower earlier Tuesday.
Those subscribers, which include more than 47 million in Europe, the Middle East
and Africa, are more than the 60 million customers Netflix has in the U.S., where growth is slowing.
Netflix issued the filing ahead of its fourth-quarter earnings report in January, when the company will release membership numbers by region for the first time.
Roku (ROKU) - Get Roku Inc. Report declined after the video streaming service said its chief financial officer would step down after nearly five years with the company.
Steve Louden, who joined Roku in 2015, will leave the company next year but plans to stay on to assist with the transition to a new CFO before he returns to his native Seattle.
Louden, 47, largely has been credited with not only Roku's rapid growth since its 2017 initial public offering, but also his ability to argue the company's complex financial and business metrics to investors. This in a market that is seeing intense competition from much larger rivals including Amazon.com (AMZN) - Get Amazon.com Inc. Report, Apple (AAPL) - Get Apple Inc. Report and Walt Disney (DIS) - Get The Walt Disney Company Report.