* Caterpillar lifts Dow; German data points to growth
* Dow, S&P 500 also hit all-time intraday highs
* Apple shares slip after gaining for three days
* Dow up 0.6 pct; S&P 500 up 0.5 pct; Nasdaq up 0.1 pct
By Caroline Valetkevitch
NEW YORK, May 7 (Reuters) - The Dow closed above 15,000 for
the first time on Tuesday and the S&P 500 ended at another
record high, extending the market's rally as more investors
rushed to join the party and German industrial data beat
It was the fourth straight record close for the S&P 500.
Both the Dow and the S&P 500 hit intraday record highs as well.
Nine of the S&P 500's 10 sector indexes advanced. Shares of
JPMorgan Chase, up 2 percent at $49.14, led the S&P
Caterpillar rose 2.5 percent to $89.79 and ranked as
the Dow's top percentage gainer.
Information technology bucked the trend, however, with Apple
shares declining after three days of gains. The stock
ended down 0.4 percent at $458.66.
Investors' sentiment was buoyed early in the day by data
from Germany, Europe's largest economy, which reported a 2.2
percent increase in industrial orders in March, compared with
expectations for a drop of 0.5 percent.
"Markets haven't really been anticipating much of a recovery
in the euro. There's been so little optimism," said Sean Lynch,
global investment strategist for Wells Fargo Private Bank in
The Dow Jones industrial average rose 87.31 points,
or 0.58 percent, to 15,056.20 at the close. The Standard &
Poor's 500 Index gained 8.46 points, or 0.52 percent, to
end at 1,625.96. The Nasdaq Composite Index advanced
3.66 points, or 0.11 percent, to close at 3,396.63.
During the session, the Dow hit an all-time intraday high at
15,056.67, while the S&P 500 touched a record intraday high at
The S&P 500 is now up 14 percent for the year.
The energy sector was driven higher by U.S. oil and gas
producer EOG Resources Inc, which climbed 7.7 percent to
$135.69 and ranked as the S&P 500's second-biggest percentage
gainer a day after the company reported first-quarter earnings
that topped Wall Street's expectations.
The S&P energy sector index gained 0.7 percent.
The U.S. stock market's gains so far have come on strong
corporate results and accommodative monetary policies from the
Federal Reserve, two factors that may now be priced into
markets. Last week's jobs report was unexpectedly strong,
helping to drive stocks' advance.
Stocks this year have gone without a sustained pullback as
investors use any market decline to add to positions. Many
analysts expect markets to trend higher, but some see a
near-term pullback, citing a lack of positive catalysts and
mixed economic data.
Both Fossil Inc and DirecTV reported
earnings that surged beyond expectations. Fossil's stock jumped
9 percent to $107.88 and ranked as the No. 1 percentage gainer
in the S&P 500. DirecTV shares shot up 6.9 percent to $61.95.
Earnings have largely been better than expected. About 68.5
percent of S&P 500 companies have surpassed estimates so far. At
the same time, revenues have been disappointing.