NEW YORK, March 26 (Xinhua) -- U.S. stocks ended higher on Tuesday amid a flattening yield curve inversion, offsetting some pessimism about economic growth.
The Dow Jones Industrial Average rose 140.90 points, or 0.55 percent, to 25,657.73. The S&P 500 was up 20.10 points, or 0.72 percent, to 2,818.46. The Nasdaq Composite Index increased 53.98 points, or 0.71 percent, to 7,691.52.
Shares of McDonald's rose 0.95 percent, after the fast food giant announced plans to acquire Dynamic Yield, a U.S. provider of automated conversion optimization tools for marketers and retailer, in an effort to upgrade its drive through menu displays and mobile ordering.
Yet shares of IHS Markit fell almost 1.97 percent, after the London-based global information provider reported weaker-than-expected revenue in the first quarter.
All of the 11 primary S&P 500 sectors traded higher around Tuesday's opening, with energy sector up 1.45 percent, leading the winners.
For most the trading sessions on Tuesday, the benchmark 10-year Treasury yield has been climbing up, shaking off its previous 15-month lows, while the 3-month note yield has been retreating, leading to a less inverted yield curve, which analysts viewed as positive to the market.
An inverted yield curve happens when short-term rates surpass their longer-term counterparts, which is widely regarded as a harbinger of recession in the near future.
On the economic front, U.S. consumer confidence slid sharply in March, stoking worries about a slowdown in growth, as consumer spending accounts for roughly two thirds of the overall U.S. economy.
The consumer confidence index dived to 124.1 from 131.4 in February, the Conference Board said in its monthly Consumer Confidence Survey on Tuesday.
"Confidence has been somewhat volatile over the past few months, as consumers have had to weather volatility in the financial markets, a partial government shutdown and a very weak February jobs report," said Lynn Franco, senior director of economic indicators at the New York City-based institute.
The Dow Jones Industrial Average rose 140.90 points, or 0.55 percent, to 25,657.73. The S&P 500 was up 20.10 points, or 0.72 percent, to 2,818.46. The Nasdaq Composite Index increased 53.98 points, or 0.71 percent, to 7,691.52.
Shares of McDonald's rose 0.95 percent, after the fast food giant announced plans to acquire Dynamic Yield, a U.S. provider of automated conversion optimization tools for marketers and retailer, in an effort to upgrade its drive through menu displays and mobile ordering.
Yet shares of IHS Markit fell almost 1.97 percent, after the London-based global information provider reported weaker-than-expected revenue in the first quarter.
All of the 11 primary S&P 500 sectors traded higher around Tuesday's opening, with energy sector up 1.45 percent, leading the winners.
For most the trading sessions on Tuesday, the benchmark 10-year Treasury yield has been climbing up, shaking off its previous 15-month lows, while the 3-month note yield has been retreating, leading to a less inverted yield curve, which analysts viewed as positive to the market.
An inverted yield curve happens when short-term rates surpass their longer-term counterparts, which is widely regarded as a harbinger of recession in the near future.
On the economic front, U.S. consumer confidence slid sharply in March, stoking worries about a slowdown in growth, as consumer spending accounts for roughly two thirds of the overall U.S. economy.
The consumer confidence index dived to 124.1 from 131.4 in February, the Conference Board said in its monthly Consumer Confidence Survey on Tuesday.
"Confidence has been somewhat volatile over the past few months, as consumers have had to weather volatility in the financial markets, a partial government shutdown and a very weak February jobs report," said Lynn Franco, senior director of economic indicators at the New York City-based institute.
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