Stocks Eke Out More Records



Stocks were little changed on Tuesday, but managed to post fresh records as retail shares outperformed.

The Dow Jones Industrials gained 37.79 points on top of Monday’s all-time record 28,104.26.

The S&P 500 added 5.51 points to 3,139.15 from Monday’s record.

The NASDAQ added 16.92 points to 8,649.41, improving on Monday’s all-time peak.

Retailers rose broadly after Best Buy posted quarterly earnings that beat analyst expectations, sending its stock up more than 6%. The electronics retailer also raised its fiscal 2020 earnings forecast. Dick’s Sporting Goods also rallied more than 15% on better-than-expected earnings.

On the data front, the S&P Case-Shiller index showed home price gains accelerated in September, gaining 3.2% annually. Consumer confidence dipped slightly in November, data from the Conference Board showed.

Prices for the 10-Year U.S. Treasury moved slightly upward, lowering yields to 1.74% from Monday’s 1.76%. Treasury prices and yields move in opposite directions.

Oil prices eked up 10 cents to $58.11 U.S. a barrel.

Gold prices recovered $2.30 to $1,459.20 U.S. an ounce.