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Wall Street Gains Ground, Turning Higher for the Week

Started by Epoch-Times-Bot, Dec 21, 2022, 09:45 PM

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Epoch-Times-Bot

Dec 21, 2022, 09:45 PM
Wall Street Gains Ground, Turning Higher for the Week

Stocks closed broadly higher on Wall Street Wednesday and pushed major indexes into the green for the week, as investors welcomed a report showing consumer confidence is holding up better than expected.
The S&P 500 and Nasdaq composite each rose 1.5 percent. The Dow Jones Industrial Average gained 1.6 percent with a lot of help from Nike, which soared after reporting better-than-expected results.
The market got a boost from a report showing consumer confidence is surprisingly strong, despite inflation squeezing wallets. The Conference Board’s consumer confidence index rose to 108.3 in December, up from 101.4 in November. The sharp rebound pushed the index to its highest level since April. Last month's figure was the lowest since July....

Source: Wall Street Gains Ground, Turning Higher for the Week

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