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S&P 500 POSTS RECORD CLOSING HIGH; ENERGY SECTOR OUT FRONT

The S&P 500 .SPX managed a record high close on Tuesday after a volatile session, with the energy sector .SPNY leading sector gains, and financials .SPSY scoring a record closing high.

The U.S. market was closed for Presidents' Day on Monday.

The energy sector ended up 1.4%, while materials .SPLRCM was up 1.2%.

On Monday, Fed Gov. Christopher Waller said that his "baseline" view was that U.S. President Donald Trump's new trade restrictions would have only a modest impact on prices.

Minutes from the last Federal Reserve policy meeting are expected on Wednesday, while quarterly results from Walmart WMT.N are due on Thursday.

Here is the closing market snapshot:

(Caroline Valetkevitch)

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FOR TUESDAY'S EARLIER LIVE MARKETS POSTS:

GOLD GAINS COULD CONTINUE LONGER TERM - CLICK HERE

RESULTS IMPRESS BUT GUIDANCE AND BREADTH BEAR WATCHING - CLICK HERE

MUCH ADO ABOUT TARIFFS - CLICK HERE

FEBRUARY SKIES ARE PARTLY CLOUDY: NAHB, EMPIRE STATE - CLICK HERE

WALL STREET LITTLE CHANGED AS INVESTORS WAIT FOR MORE TARIFF NEWS - CLICK HERE

S&P 500 INDEX CHOP ABOUT TO STOP? - CLICK HERE

POSITIVE EARNINGS REVISIONS, EPS UPGRADES FUEL STOXX STRENGTH - CLICK HERE

COULD PEACE IN UKRAINE LOWER THE HEAT ON THE EURO FROM TARIFFS? - CLICK HERE

IS NOW FINALLY THE TIME FOR TELECOMS? - CLICK HERE

NEW RECORD HIGHS, WITH A BIT OF RED - CLICK HERE

BEFORE THE BELL: EUROPE NEAR PEAKS, DEFENCE IN DEMAND - CLICK HERE

ARMS STOCKS SOAR AHEAD OF UKRAINE PEACE TALKS - CLICK HERE