For Dec. 29, 2015, here's the top stock market news and stocks to watch based on today's market moves...
Dow Jones: 17,720.98; +92.71; +1.10%
S&P 500: 2,078.36; +21.86; +1.06%
Nasdaq: 5,107.94; +66.95; +1.33%
The Dow Jones Industrial Average today (Tuesday) gained 192 points as oil prices jumped and technology stocks surged. The S&P 500 jumped after two of its most traded stocks hit new records. Shares of Alphabet Inc. (Nasdaq: GOOG, GOOGL) added 1.5%, while Amazon.com Inc. (Nasdaq: AMZN) added 2.8%. Both stocks hit all-time intraday highs. Shares of Apple Inc. (Nasdaq: AAPL) added 1.8% on the day, while Microsoft Corp. (Nasdaq: MSFT) gained 1.1%. All 10 major S&P sectors saw gains today as the index pushed back into the green for 2015.
In economic news, consumer confidence is on the rise in December. According to data released this morning, the Conference Board's index of consumer confidence hit 96.5 in December. That's significantly better than the 93.8 rating expected by economists. Meanwhile, single-family housing prices surged in October. The S&P/Case Shiller composite index that tracks 20 metropolitan areas showed a 5.5% jump in October on a year-over-year basis. That beat consensus expectations of 5.4%.
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