Closing Bell: Apple Clinches New Record; U.S. Stocks at All-Time Highs Again

Wall Street ended with fresh records for its fourth session in a row after recovering from a jittery morning. Stocks moved higher after Federal Reserve Chair Yellen signaled more rate hikes this year. Goldman Sachs (GS) - Get Report rode a broader bank rally to a record close, smashing the previous one set nine years ago. Banks got a boost from higher chances of at least three interest rate hikes this year. Apple (AAPL) - Get Report closed at new records for its second day in a row and set a fresh all-time high, smashing the last made nearly two years earlier. The world's largest company rallied on Monday after UBS gave it a thumbs-up. Under Armour (UA) - Get Report jumped after analysts at Morgan Stanley published a positive note, upgrading its stock to EQUAL WEIGHT from UNDERWEIGHT. Analysts said the company should begin leveraging expenses in fiscal year 2018.