Money | stock market Banks Up, Apple Down as Stocks Hit More Record Highs Banks benefited from higher bond yields By Newser Editors and Wire Services Posted Sep 12, 2017 3:18 PM CDT Copied Specialist Meric Greenbaum, left, and trader Edward McCarthy work on the floor of the New York Stock Exchange, Monday, Sept. 11, 2017. (AP Photo/Richard Drew) Stocks climbed to more record highs Tuesday on Wall Street, led by big gains in banks, the AP reports. Banks were benefiting from higher bond yields, which allow them to charge higher interest rates on loans. Bank of America gained 2.5% and Wells Fargo rose 1.8%. Chemicals company DowDuPont jumped 2.5% after it made changes to its breakup plans. Apple slipped after announcing its new lineup of iPhones. The Standard & Poor's 500 index rose 8 points, or 0.3%, to 2,496. The Dow Jones industrial average climbed 61 points, or 0.3%, to 22,118. The Nasdaq composite increased 22 points, or 0.3%, to 6,454. Bond prices fell. The yield on the 10-year Treasury note rose to 2.17%. Read These Next Who added bill's proposed tax on clean energy? No one knows. Bryan Kohberger has admitted his guilt. Sean Combs jury reaches a decision on all charges. Keith Urban interview ends after Nicole Kidman question. Report an error