Wall Street assumes tapering is out of the table and keeps its mojo

FXstreet.com (San Francisco) - Usually a bad data release means a bad day in stocks, but today's weaker than expected nonfarm payrolls report signaled that the Fed is far from taper its QE program. So, investors were confidence on the status quo and kept buying shares.

The US stocks market closed higher on Tuesday with the S&P 500 advancing for fifth day to reach another record high. The Nasdaq Composite posted its fifth straight day of gains despite the collapse in Netflix shares.

The Dow Jones advanced 75.46 points or 0.49% on the day to close the session at 15,467.66. The S&P 500 added 10.01 pts or 0.24% to break above the 1,750 key level and finish the day at 1,754.67. The Nasdaq won 9.52 pts or 0.24% to 3,929.57.