clear
Saturday July 23rd, 2016 9:05AM

Stocks climb; Fourth straight gain for S&P 500

By The Associated Press
NEW YORK (AP) -- Stocks closed higher Tuesday, giving the Standard & Poor's 500 index its fourth gain in a row.<br /> <br /> Investors were encouraged by a report that orders for big-ticket items unexpectedly rose last month and an increase in consumer confidence.<br /> <br /> The S&P 500 gained 11 points, or 0.6 percent, to close at 1,911. It had its first close above 1,900 points on Friday.<br /> <br /> The Dow Jones industrial average rose 69 points, or 0.4 percent, to 16,675. The Nasdaq composite rose 51 points, or 1.2 percent, to 4,237.<br /> <br /> U.S. markets were closed Monday for Memorial Day.<br /> <br /> Hillshire Brands, the maker of Jimmy Dean breakfast sausage, jumped 22 percent after poultry producer Pilgrim's Pride offered to acquire the company.<br /> <br /> Bond prices rose. The yield on the 10-year Treasury note fell to 2.51 percent.
© Copyright 2016 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.