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U.S. stocks rise slightly amid economic data

NEW YORK
2021-06-30 05:02

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NEW YORK, June 29 (Xinhua) -- U.S. stocks eked out modest gains on Tuesday as investors digested newly-released economic data.

The Dow Jones Industrial Average increased 9.02 points, or 0.03 percent, to 34,292.29. The S&P 500 was up 1.19 points, or 0.03 percent, to 4,291.80. The Nasdaq Composite Index rose 27.83 points, or 0.19 percent, to 14,528.33.

Eight of the 11 primary S&P 500 sectors ended in red, with utilities down 1.65 percent, leading the laggards. Technology advanced 0.7 percent, the best-performing group.

U.S.-listed Chinese companies traded mostly higher with nine of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

On the economic front, U.S. consumer confidence index rose to 127.3 in June from the May reading of 120, the highest level since the coronavirus pandemic slammed the country in March 2020, New York-based The Conference Board reported on Tuesday.

"Consumers' short-term optimism rebounded, buoyed by expectations that business conditions and their own financial prospects will continue improving in the months ahead," said Lynn Franco, senior director of Economic Indicators at The Conference Board.
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