NEW YORK, Dec. 31 (Xinhua) -- U.S. stocks closed higher on Tuesday, the last trading day of 2019, amid improved investor sentiment.
The Dow Jones Industrial Average rose 76.30 points, or 0.27 percent, to 28,538.44. The S&P 500 was up 9.49 points, or 0.29 percent, to 3,230.78. The Nasdaq Composite Index was up 26.61 points, or 0.30 percent, to 8,972.60.
U.S. equities have enjoyed a strong rally in December, with the main indexes hitting record highs last week amid year-end optimism.
Market sentiment has been lifted by easing tensions over U.S.-China trade relations after the two countries agreed on the text of a phase-one trade deal earlier this month.
On the economic front, U.S. consumer confidence decreased to 126.5 in December from 126.8 in November, according to a report released by The Conference Board, a New York-based member-driven economic think tank, on Tuesday.
Lynn Franco, director of economic indicators at The Conference Board, said while consumers' assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects.
"While the economy hasn't shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020," Franco said in a press release.
The Dow Jones Industrial Average rose 76.30 points, or 0.27 percent, to 28,538.44. The S&P 500 was up 9.49 points, or 0.29 percent, to 3,230.78. The Nasdaq Composite Index was up 26.61 points, or 0.30 percent, to 8,972.60.
U.S. equities have enjoyed a strong rally in December, with the main indexes hitting record highs last week amid year-end optimism.
Market sentiment has been lifted by easing tensions over U.S.-China trade relations after the two countries agreed on the text of a phase-one trade deal earlier this month.
On the economic front, U.S. consumer confidence decreased to 126.5 in December from 126.8 in November, according to a report released by The Conference Board, a New York-based member-driven economic think tank, on Tuesday.
Lynn Franco, director of economic indicators at The Conference Board, said while consumers' assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects.
"While the economy hasn't shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020," Franco said in a press release.
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