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U.S. equities rose on Tuesday as investors digested strong consumer confidence data, with financials leading.
The Dow Jones Industrials leaped 150.52 points to conclude the day at 20,701.50, Apple leading advancers and Johnson & Johnson the only decliner. The 30-stock index also snapped an eight-day losing streak.
The S&P 500 recovered 16.98 points to 2,358.57, with financials leading 10 sectors lower and utilities underperforming.
The NASDAQ Composite gathered 34.77 points to 5,875.14, with Apple climbing to a fresh all-time high.
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 also digested commentary from key Federal Reserve officials, including Vice Chairman Stanley Fischer, who told the media two more rate hikes seem about right.
Prices for the benchmark 10-year Treasury note slid, hiking yields to 2.42% from Monday’s 2.38%. Treasury prices and yields move in opposite directions.
Oil prices rebounded 62 cents to $48.35 U.S. a barrel
Gold prices sank $5.50 at $1,250.20 U.S. an ounce.
