Stocks Lifted by Earnings, Consumer Confidence
NEW YORK (TheStreet) -- Stocks had a strong finish to the day after all three major indices hit 52-week highs on a better-than-expected read for April consumer confidence and encouraging earnings reports.
The Dow Jones Industrial Average finished up by 115 points, or 0.9%, at 12,595. The S&P 500 was higher by 12 points, or 0.9%, at 1347, and the Nasdaq was ahead by 22 points, or 0.8%, at 2848. The indicies all hit 52-week highs Tuesday.
Consumer confidence rose to a better-than-expected level of 65.4 in April after a March reading of 63.8, the Conference Board said. According to Briefing.com, economists had been forecasting an April reading of 64.4.
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