Stocks edge higher in abbreviated trading day after a jump in orders for manufactured goods

CP26591853
In this photo provided by the New York Stock Exchange Euronext, Rock and Roll Hall of Fame member Darlene Love rings the closing bell at the New York Stock Exchange, Tuesday, Dec. 24, 2013 in New York. THE CANADIAN PRESS/AP, NYSE Euronext, Ben Hider

NEW YORK, N.Y. – An unexpectedly large increase in orders for manufactured goods helped push stock prices higher on Wall Street.

The market was open for just half a day ahead of the Christmas holiday. Trading will remain closed on Wednesday.

The Dow Jones industrial average rose 62 points, or 0.4 per cent, to close at 16,357 Tuesday.

The Standard & Poor’s 500 index rose five points, or 0.3 per cent, to 1,833. The Nasdaq composite was up six points, or 0.2 per cent, at 4,155.

Trading was extremely light ahead of the holiday.

Homebuilder stocks rose after the government reported that sales of new homes increased last month at a faster pace than analysts were expecting. Beazer Homes jumped 3 per cent.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.99 per cent.

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles

Five people fined for illegal shellfish harvesting on Vancouver Island | iNFOnews.ca
Fisheries and Oceans Canada is reminding shellfish harvesters to check closure status before every harvest after a group was fined a total of $19,000 for illegal fishing activities. THE CANADIAN PRESS/Handout - Fisheries and Oceans (DFO) Canada (Mandatory Credit)

Five people fined for illegal shellfish harvesting on Vancouver Island