23 Dec 2013
Stocks rally on Fed light-taper and US upbeat data
FXstreet.com (San Francisco) - Wall Street rises further on Monday as investors digested 5-month highs in US consumer confidence in December and good data in consumer spending in November.
US stocks are trading bullish following the Fed light-taper decision announced last week, plus the 2-year budget deal in the Congress. The Dow and S&P are performing its strongest 4-day rally in over two months, both closed at record highs.
The DJIA advanced 73.47 points or 0.45% to finish the day at 16,294.61; the S&P 500 added 9.67 points or 0.53% to end the session at 1,827.99; and the Nasdaq Composite opened the week with 44.16 pts or 1.08% daily gains to 4,148.90.
US stocks are trading bullish following the Fed light-taper decision announced last week, plus the 2-year budget deal in the Congress. The Dow and S&P are performing its strongest 4-day rally in over two months, both closed at record highs.
The DJIA advanced 73.47 points or 0.45% to finish the day at 16,294.61; the S&P 500 added 9.67 points or 0.53% to end the session at 1,827.99; and the Nasdaq Composite opened the week with 44.16 pts or 1.08% daily gains to 4,148.90.