Stock Rallied, Dow Closed Record High

U.S. stocks rallied on Tuesday, with the Dow Jones Industrial Average finishing at a record high, following economic data that showed improvement in home prices and manufacturing. The Dow Jones Industrial Average added 111.90 points, or 0.77%, to 14,559.65. The S&P 500 rose 12.08 points, or 0.78%, to 1,563.77. The Nasdaq Composite climbed 17.18 points, or 0.53%, to 3,252.48.

President Barack Obama has signed a stopgap spending bill to keep the government running through the end of September. The measure leaves in place $85 billion in automatic budget cuts known as the sequester. But it takes steps to ease the impact of the cuts to food inspection and college assistance for active duty military personnel.

Wells Fargo & Co on Tuesday said its online banking website was experiencing an unusually high volume of traffic that it believes stems from a denial-of-service cyber attack.

Wal-Mart Stores Inc is ramping up plans to combine its physical stores with online technology, testing the use of lockers to hold goods ordered on the Internet until shoppers pick them up, as the world’s largest retailer tries to catch up with e- commerce leader Amazon.com Inc.

The Federal Reserve has ordered Citigroup Inc to better police for the risk of money laundering, part of a broad U.S. regulatory crackdown on the potential for illicit money flows.

About the Author

has written 14758 stories on this site.

Copyright © 2012 Nine Stocks