The Dow Jones Industrial Average continued its winning streak on Tuesday as investors moved into software stocks and more value-oriented areas of the market.
The 30-stock index gained 253.5 points, to 50,389.37, receiving a boost from entertainment name Disney and financial stock American Express
The S&P 500 index gained 9.07 points to 6,973.89.
The NASDAQ eked up 15.51 points to 23,265.19.
In the tech space, Datadog bounced 16%, while ServiceNow moved higher by 3%. Unity shares jumped 4% after Oppenheimer upgraded the stock to outperform from perform, citing accelerating revenue growth and margin expansion this year
Microsoft advanced more than 1%, aiding the Dow’s outperformance,
The latest retail sales report showed that consumer spending in December was flat, missing the 0.4% monthly gain that economists polled by
Dow Jones were expecting. The figure comes after a 0.6%
Prices for the 10-year Treasury gained ground, lowering yields to 4.15% from Monday’s 4.20%. Treasury prices and yields move in opposite directions.
Oil prices dropped 31 cents to $64.05 U.S. a barrel.
Gold prices erased $24.00. to $5,055.40 U.S. an
