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The Closing Bell: Stock Market Up Slightly As Consumer Confidence Hits 18-Year High
FYI: The S&P 500 and the Nasdaq on Tuesday finished at records for a third consecutive session after a measure of consumer confidence hit a nearly 18-year high, underscoring a continued expansion of the U.S. economy. However, the market’s gains were muted, with indexes closing off of intraday peaks.
The data also underscored continuing belief in a steady economic expansion, fueling optimism for equities. Only three of the eleven S&P 500 sectors, Real Estate, Consumer Discretionary, and Technology were in the green. Regards, Ted
