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Dow ends above 18,000 for first time on GDP report


    NEW YORK (Reuters) - U.S. stocks rose on Tuesday, with the Dow closing above 18,000 for the first time and the S&P 500 ending at a record after an unexpectedly strong report on U.S. economic growth.

    While the day's gains were broad, the Nasdaq ended in slightly negative territory, pressured by a drop in biotech stocks.

    The Dow Jones industrial average rose 67.04 points, or 0.37 percent, to 18,026.48, the S&P 500 gained 3.66 points, or 0.18 percent, to 2,082.2 and the Nasdaq Composite dropped 16.00 points, or 0.33 percent, to 4,765.42.

    (Reporting by Ryan Vlastelica; Editing by Peter Galloway)