Stocks Edge Higher. Mixed Close After Strong Economic Data
Wall Street ended narrowly mixed as Dow gained 16.15 points to 9,763.94 amid upbeat third quarter GDP growth of 8.2 percent and higher consumer confidence. Nasdaq fell 4.10 while S P 500 rose 1.81. 1.72 billion shares traded. Industry names Caterpillar and DuPont rose, while Merck and Johnson & Johnson declined on Medicare reform news.
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Crude futures settle up slightly after volatile session
Crude oil futures in New York closed three cents higher as prices retraced losses from Monday's 6 percent plunge. January light sweet crude settled at 29.77 per barrel after testing 29.30, while Brent settled up eight cents at 27.94 on the London ICE. Trading eyed upcoming inventory data and the end of November expiry for heating oil and gasoline futures as volatility loomed ahead of Thanksgiving.
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