NEW YORK: The Dow jumped back above 17,000 on Tuesday (Oct 28) following a strong report on US consumer confidence and another round of mostly solid corporate earnings.
The Dow Jones Industrial Average rose 187.81 points (1.12 per cent) to 17,005.75, its first close above 17,000 since Oct 3. The broad-based S&P 500 gained 23.42 points (1.19 per cent) to 1,985.05, while the tech-rich Nasdaq Composite Index soared 78.36 points (1.75 per cent) to 4,564.29.
The Conference Board said the consumer confidence index leaped to 94.5 in October from 89.0 in September, a cheery sign for the upcoming holiday shopping season.
- AFP/de
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