Consumer Confidence and Earnings Keep Stocks Green

By Markets FOXBusiness

The markets were green across the board today following the better than expected October Consumer Confidence numbers which hit a seven year high and overshadowed an unexpected drop in durable goods orders. Positive quarterly earnings reports continue to bolster the markets ahead of tomorrow’s Fed meeting release, which is expected to indicate a continuation of market friendly interest rates.

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Market Radar - % Change

Nymex Crude Oil prices snapped a two-day losing streak rising 0.52% to settle at $81.42 per barrel up $0.42. Gold scratched out a minor gain settling at $1,229.4 per ounce, up $0.1.

All of the major indexes were in the green with Dow Jones Industrial Average up for the fourth straight session gaining 187.81 points to close at 17,005.75 up 1.12%. The S&P 500 closed at 1,985.05 up 1.19% or 23.42 points.

The NASDAQ Composite climbed 78.36 points to close at 4,564.29 up 1.75% while the NASDAQ 100 gained 60.61 points or 1.5% to close at 4,106.63.

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The Small cap Russell 2000 outperformed the broader markets surging 2.86% to close at 1,149.45 up 31.97 points. The Fox 50 climbed 14.26 points to close at 1,402.47 up 1.03%.

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