Posted 11/28/2023, 9:39:00 PM
Stocks Close Higher on Strong Consumer Confidence and Hopes of End to Rate Hikes
- Stocks closed higher Tuesday following strong consumer confidence data and hopes the Fed is nearly done with rate hikes
- The S&P 500 rose 0.1%; the Dow gained 0.2%; the Nasdaq added 0.3%
- A Fed official said he's increasingly confident inflation will fall to 2% target
- Consumer confidence remains high heading into holiday shopping season
- Markets betting the Fed will hold rates steady; indexes set for solid November gains