By: JeeYeon Park CNBC.com Writer
Stocks shaved their gains but still ended
in positive territory across the board Tuesday following a long holiday
weekend, buoyed by supportive comments from central banks around the
world and a pair of upbeat economic data.
The blue-chip index finished higher for the 20th-straight Tuesday. The last time the index even got this far was in 1927 when the Dow closed up 15 consecutive Tuesdays between June 1927 and September 1927.
"If you believe in calendar folklore, the day after a three-day weekend has a bias to the upside and the final week of the month has a bias to the upside and it's terrific Tuesday again," noted Art Cashin, director of floor operations at UBS Financial Services. Cashin also noted that trading volume has been on the lighter side.
The Dow Jones Industrial Average shaved its gains but still logged a triple-digit gain of 106.29 points to end at 15,409.39, led by Microsoft and United Health. The Dow was up 218 points at its session high.
The S&P 500 rose 10.46 points, to close at 1,660.06. And the Nasdaq advanced 29.74 points, to finish at 3,488.89. Both indexes closed higher for the 10th-consecutive Tuesday. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished above 14.
The blue-chip index finished higher for the 20th-straight Tuesday. The last time the index even got this far was in 1927 when the Dow closed up 15 consecutive Tuesdays between June 1927 and September 1927.
"If you believe in calendar folklore, the day after a three-day weekend has a bias to the upside and the final week of the month has a bias to the upside and it's terrific Tuesday again," noted Art Cashin, director of floor operations at UBS Financial Services. Cashin also noted that trading volume has been on the lighter side.
The Dow Jones Industrial Average shaved its gains but still logged a triple-digit gain of 106.29 points to end at 15,409.39, led by Microsoft and United Health. The Dow was up 218 points at its session high.
The S&P 500 rose 10.46 points, to close at 1,660.06. And the Nasdaq advanced 29.74 points, to finish at 3,488.89. Both indexes closed higher for the 10th-consecutive Tuesday. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished above 14.
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