U.S. stocks climbed on Tuesday, putting the S&P 500 on track for its best two-day run in a month, as investors gained confidence in ‘fiscal cliff’ talks. The Dow Jones Industrial Average rose 115.57 points, or 0.87%, to 13,350.96. The S&P 500 index advanced 16.43 points, or 1.15%, to 1,446.79. The Nasdaq Composite added 43.93 points, or 1.46%, to 3,054.53.
Shares of Oracle Corp. rose late Tuesday after the company beat Wall Street estimates with solid gains in software business. The company reported a fiscal second-quarter profit of $2.58 billion, or 53 cents a share, compared with a profit of $2.19 billion, or 43 cents a share, for the year-earlier period. Revenue was $9.1 billion, up from $8.8 billion. Adjusted profit was 64 cents a share.
Crude-oil supplies fell by 4.1 million barrels for the week ended Dec. 14, according to a report from the American Petroleum Institute late Tuesday. Gasoline inventories rose by 4.2 million barrels and distillate stocks fell by 1.9 million barrels, the report from the trade group said.
Leave a Reply
You must be logged in to post a comment.