The S&P 500 hit an all-time high on Tuesday while the Nasdaq touched a two-week peak as technology stocks caught a bid ahead of the Federal Reserve's two-day policy meeting.
The Nasdaq rose 0.7%, extending a rebound in tech-related stocks that were at the heart of February's selloff. The index is now about 4% below its Feb.
12 record closing high.
Apple Inc rose 1.4% as Evercore ISI hiked its price target on the iPhone maker's shares to the highest on Wall Street. Other mega-cap stocks including Facebook.