Dow jumps 183 points, hits record high after Caterpillar and 3M beat the Street

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CAT, 3M, MCD boost Dow at open from CNBC.

The Dow Jones industrial average rose sharply on Tuesday on the back of strong quarterly results from 3M and Caterpillar.

The 30-stock index rose 174 points and hit an intraday record high.

The S&P 500 gained 0.2 percent, with industrials and financials leading advancers. Corning and 3Mwere the best-performers on the index. The Nasdaq composite advanced 0.25 percent.

Source: Dow jumps 183 points, hits record high after Caterpillar and 3M beat the Street