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Stocks Post 3-Day Win Streak, S&P 500 Sets New High

Stocks kicked off the second quarter with solid gains Tuesday, with the S&P 500 setting a fresh intraday record following a batch of economic reports.

Major averages logged a three-day win streak for the first time since February.

The Dow Jones Industrial Average closed up, lifted by Cisco and Boeing.

The S&P 500 and the Nasdaq also finished in positive territory. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slid near 13.

And with the start of a new month, investors are hoping that April will be brighter for stocks. According to market patterns, April is the best-performing month for the Dow, with the index posting an average gain of over 2 percent over the last 50 years.

U.S. manufacturing growth improved for the second month in March. The Institute for Supply Management said its index of national factory activity rose to 53.7 in March, which was up slightly from February's read of 53.2 but below the expected 54.0 reading in a Reuters poll.

Construction spending edged up just 0.1 percent to an annual rate of $945.7 billion in February, according to the Commerce Department. Economists polled by Reuters had forecast construction outlays to be flat.

Bond prices slipped near session lows following the economic reports.

Investors will remain focused on the monthly government jobs report, due Friday. Economists polled by Reuters expect a gain of 197,000 new jobs in March. The U.S. created 175,000 jobs in February, exceeding expectations.