S&P 500, Dow close at new highs as mining stocks rise on China stimulus boost

The S&P 500 and Dow closed at record highs on Tuesday, driven by a surge in mining stocks following China's announcement of a major stimulus package. Despite weak U.S. consumer confidence data, sectors like metals and mining outperformed. Federal Reserve Governor Michelle Bowman warned that inflation remains above target, necessitating caution in rate cuts.