Dow Jones: Stocks Posted Modest Gains Monday
ICM Brokers | Nov 25, 2014 02:51AM ET
Dow 30
U.S. stocks posted modest gains on Monday amid hopes a flurry of economic data due out this week, including gross domestic product, consumer confidence and home sales, will reflect an improving U.S. economy. At the close of U.S. trading, the Dow 30 rose 0.04%, the S&P 500 index rose 0.29%, while the Nasdaq Composite index rose 0.89%. In a session void of major economic indicators, stocks rose on hopes Tuesday's U.S. GDP and consumer confidence reports and Wednesday's new and pending home sales data will reflect an economy that continues to recover from the 2008 financial crisis and will see added growth going forward. U.S. stocks also applauded data out of Europe revealing that German business sentiment improved this month after six successive months of declines, indicating that the downturn the euro area’s largest economy and key market for U.S. companies may be ending.
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