Dow Jones and S&P 500 hit fresh record highs

US stock indices rose on Tuesday, lifted by a slew of strong earnings results for the third quarter.

Concerns are growing over to the increase in inflationary pressures in many economies, which may require interest rate hikes in the next few months.

The White House announced that US President Joe Biden will be focused on supply chain problems and rising energy prices during the G-20 summit.

To the oil market, WTI crude November futures rose 1.1% or 89 cents, and closed at $84.65 a barrel.

Brent December futures rose  0.5% or 41 cents, and closed at $86.40 a barrel.

As for stocks, Dow Jones rose 0.1% or 15 points, and closed at 35,756, with a day high of 35,893, and a low of 35,734.

S&P 500 rose 0.2% or 8 points to 4,574, after hitting a high of 4,598 and a low of 4,569 points.

Nasdaq rose 0.1% or 9 points to 15,235, with a high of 15,384 and a low of 15,198.