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U.S. stocks rise amid corporate news, economic data

NEW YORK
2019-12-24 05:44

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NEW YORK, Dec. 23 (Xinhua) -- U.S. stocks rallied on Monday as Wall Street digested corporate news and economic data.

The Dow Jones Industrial Average increased 96.44 points, or 0.34 percent, to close at 28,551.53. The S&P 500 rose 2.79 points, or 0.09 percent, to 3,224.01. The Nasdaq Composite Index was up 20.69 points, or 0.23 percent, to 8,945.65.

Five of the 11 primary S&P 500 sectors ended higher, with energy up 1.06 percent, outpacing the rest. Utilities closed down 0.99 percent, the worst-performing group.

Boeing shares climbed 2.91 percent at the close, leading the gainers in the Dow. Boeing CEO Dennis Muilenburg has stepped down after a tumultuous year amid 737 Max crisis, according to the U.S. aircraft manufacturer on Monday.

On the data front, new orders for U.S. manufactured durable goods dipped 2 percent in November, the Department of Commerce reported on Monday. Economists had expected a 1 percent increase in U.S. durable-goods orders for November.
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