(By Salman - iStockAnalyst Writer)
US stocks finished with gains on Tuesday after better-than-expected consumer confidence and housing data boosted investor sentiment. Stocks also rose on reports that President Obama is nominating Federal Reserve chief Ben Bernanke for a second term in office.
The Dow Jones Industrial Average jumped 30.01 points or 0.32% to finish at 9,539.29. The S&P 500 gained 2.43 points or 0.24% to end at 1,028. The Nasdaq Composite climbed 6.25 points or 0.31% to 2,024.23.
The Conference Board said on Tuesday that its consumer confidence index jumped to 54.1 in August from an upwardly-revised 47.4 in July. Economists were expecting the index to rise to 48.
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Wednesday, August 26, 2009
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