U.S. stocks climbed to another record high on Tuesday as shares of the largest publicly traded corporations jumped on expectations that the Federal Reserve will maintain its loose monetary polity.

The broad-based Standard & Poor's 500 Index climbed 16.57 points, or 1.01 percent, to finish at a record 1,650.34. The gain was the S&P 500's eighth record close in nine days, according to the Wall Street Journal.

The blue-chip Dow Jones industrial average surged 123.57 points, or 0.82 percent, to end at a record 15,215.25. The Nasdaq composite rose 23.82, or 0.69, to 3,462.61