S&P 500, Dow Hit Record Highs; Ford Shines

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York, on Dec. 28, 2021. (Andrew Kelly/Reuters)

The Dow and the S&P 500 hit record highs shortly after opening on Tuesday as worries about the Omicron variant of the coronavirus subsided and travel stocks bounced, while Ford gained on upbeat electric pickup production forecast.

At 9:31 a.m. ET, the Dow Jones Industrial Average was up 182.88 points, or 0.50 percent, at 36,767.94, the S&P 500 was up 13.36 points, or 0.28 percent, at 4,809.92, and the Nasdaq Composite was down 2.94 points, or 0.02 percent, at 15,829.86.