Indexes Build on All-Time Highs, S&P Notches Longest Streak in Month - InvestingChannel

Indexes Build on All-Time Highs, S&P Notches Longest Streak in Month



All three major U.S. indexes progressed toward all-time highs on Tuesday

The Dow Jones Industrials gained 31.27 points, to 28,267.16

The S&P 500 added 1.07 points to 3,192.52, to post its longest winning streak since November.

The NASDAQ chugged higher 9.13 points to 8,823.36

Netflix jumped more than 3% after the streaming giant disclosed strong membership growth numbers in key regions, including Asia-Pacific and Europe, the Middle East and Africa.

Johnson & Johnson climbed 1.3% after a Morgan Stanley analyst upgraded the stock, noting many of the company’s structural issues “have been addressed.” Shares of Apple closed 0.2% higher and hit a fresh record high.

The S&P 500 came into Tuesday’s session up 27.3% year to date, its biggest annual gain since 2013. The Dow acquired 21% and the NASDAQ was up 32.8%.

On the data front, U.S. housing starts rose more than expected in November as building permits surged to a 12½-year high.

Prices for the 10-Year U.S. Treasury were static, keeping yields at Monday’s 1.88%.

Oil prices added 45 cents to $60.66 U.S. a barrel.

Gold prices moved forward 40 cents at $1,480.90 U.S. an ounce.

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