Markets Jump With Energy Stocks



U.S. equities rose on Tuesday as investors digested strong consumer confidence data, while watching out for any new developments regarding the White House's agenda.

The Dow Jones Industrials vaulted 98.47 points to pause for lunch at 20,649.45, with Goldman Sachs performing the strongest.

The 30-stock index hopes to avoid its longest losing streak since 1978, having hit eight straight sessions on Monday.

The S&P 500 recovered 12.85 points to 2,354.44, with financials and energy rising 1% to lead advancers.

The NASDAQ Composite gathered 21.64 points to 5,862.02

Consumer confidence surged this month, hitting 125.6, up from 116.1 in February, according to the Consumer Board Consumer Confidence Index.

Other data released Tuesday included the S&P CoreLogic Case-Shiller home price index, which showed U.S. home prices rose 5.9% to a 31-month high in January.

Investors on Tuesday were also waiting for remarks from key Fed officials, including Vice Chairman Stanley Fischer, who will speak to the media early Tuesday afternoon.

Prices for the benchmark 10-year Treasury note was down slightly, hiking yields to 2.39% from Monday’s 2.38%. Treasury prices and yields move in opposite directions.

Oil prices rebounded 96 cents to $48.69 U.S. a barrel

Gold prices sank 90 cents at $1,254.80 U.S. an ounce.