Stock surge for a second day, dow jumps more than 300 points to a record

Stocks rose for a second day on Tuesday in relief over the Trump administration’s move to begin the transition process. The Dow Jones Industrial Average traded higher by 352 points, or 1.2and hit an all-time intraday high. The 30-stock Dow was up as much as 404 points, hitting a high of 29,996.17. The S&P 500 climbed nearly 1% and the Nasdaq Composite advanced 0.5%. Boeing and Chevron rose 4.3% and 3.7%, respectively, to lead the Dow higher. Energy was the best-performing sector in the S&P 500, rising 4.4%. Investors continued to add exposure to beaten-down value names on Tuesday. The iShares Russell 1000 Value ETF (IWD) gained 1.6% and outperformed its growth counterpart, which only advanced 0.3%. The small-cap Russell 2000 hit an all-time high. Read more at CNBC.