05.06.201821:16:00UTC+00Nasdaq Notches Record Closing High for Second Consecutive Day

The Nasdaq reached a record closing high for the second straight day of trading on Tuesday, powered by tech and consumer discretionary shares, while the euro rebounded after Italy's new prime minister said the government had never thought of leaving the eurozone as an option.

The Dow Jones Industrial Average edged up 13.71 points, or 0.06 percent, to 24,799.98, the S&P 500 rose 1.93 points, or 0.07 percent, to 2,748.8 and the Nasdaq Composite increased 31.40 points, or 0.41 percent, to 7,637.86.

Shares of Amazon, Apple and Netflix all rose up. The positive U.S. economics data also helped the S&P 500 record a small gain.

However, gains in stocks were capped by concerns about trade discussions. White House economic adviser Larry Kudlow said President Donald Trump may look to engage in separate talks with Canada and Mexico in a push to secure individual trade deals with the two countries.

Mexico responded to the Trump administration's metals tariffs of 25 percent on imported steel and 10 percent on aluminum by imposing its own levies on American steel, while also targeting agricultural products from pork to bourbon.

In the economic front, the U.S. services sector activity accelerated in May, pointing to robust economic growth in the second quarter.