S&P 500 rises to another record on strong earnings, Dow gains 130 points

(CNBC) -- The S&P 500 rose to a record high on Tuesday — ahead of a key Federal Reserve decision — as strong corporate earnings gave investors confidence in a year-end rally.

The Dow Jones Industrial Average rose 138.79 points to 36,052.63 to close at a record. The S&P 500 added 0.3% to 4,630.65, closing at an all-time high. The tech-focused Nasdaq Composite gained 0.3% to 15,649.60. This is the third session in a row that all three major averages closed at a record.

The small cap benchmark Russell 2000 rose slightly to close at an all-time high.

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