US stocks rise in midday tradingDecember 28th, 2011 - 4:20 am ICT by IANS
New York, Dec 28 (IANS) US stocks rose slightly during midday trading Tuesday, Xinhua reported.
The Standard & Poor’s Case-Shiller index of 20 city dropped 0.6 percent in October, compared with September, said the Standard & Poor’s monthly report. The index was down 3.4 percent year-on-year.
Meanwhile, according to the New York-based organization, its Consumer Confidence Index rose to 64.5 in December from 55.2 in November.
Consumers’ short-term outlook also improved in December. The number of consumers expecting business conditions to improve over the next six months increased to 16.7 percent from 13.7 percent, while those expecting business conditions to worsen declined to 13.4 percent from 16.1 percent.
The Dow Jones industrial average gained 17.60 points, or 0.14 percent, to 12,311.60. The Standard & Poor’s 500 was up 2.08 points, or 0.16 percent, to 1,267.41. The Nasdaq Composite Index rose 7.38 points, or 0.28 percent, to 2,626.00.
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Tags: based organization, business conditions, case shiller index, consumer confidence index, consumers, dow jones, dow jones industrial, dow jones industrial average, midday trading, nasdaq composite index, new york dec, s 500, six months, stocks, term outlook, xinhua