Stocks Edge Higher as Investors Assess Economic Data Amid Seasonal Trends
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The Dow Jones Industrial Average came out of the Christmas holiday slightly higher Tuesday as investors digested economic data. The index is on an 8-week win streak.
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Housing price indexes showed further gains in October. Meanwhile, investors awaited more data on manufacturing and inflation pressures.
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Google parent Alphabet led eight stocks to buy heading into year-end, according to IBD. Others included Dow stocks Amgen, Caterpillar and Visa.
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Graphics chip leader Nvidia remained in buy range, while Tesla fell further below an alternate entry. Apple and Microsoft edged higher.
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IBD's Big Picture noted the market is seeing participation across sectors, supported by economic reports pointing to a soft landing. Seasonal trends also are a positive.