China’s services sector grows less than expected, Caixin survey shows

US stocks closed at record highs on Tuesday, with gains for Big Tech groups propelling major indices past fresh milestones.

The S&P 500 ended the session up 0.6 per cent, closing above 5,500 points for the first time. The Nasdaq Composite rose 0.8 per cent, the first time it finished higher than 18,000 points.

Heavyweight tech companies contributed to those gains, with Apple and Amazon adding 1.6 per cent and 1.4 per cent respectively, while Tesla advanced more than 10 per cent after posting a quarterly sales rebound.

US equity and bond markets will be shut on Thursday for the July 4 holiday.