U.S. stocks ended at fresh highs on Tuesday as investors considered stronger than expected new economic data. The Dow Jones Industrial Average rose 31.27 points, or 0.11%, to 28,267.16. The S&P 500 gained 1.07 points, or 0.03%, to 3,192.52. The Nasdaq Composite advanced 9.13 points, or 0.10%, to 8,823.36.
Oil futures on Tuesday posted a fourth consecutive gain. West Texas Intermediate crude for January delivery rose 73 cents, or 1.2%, to settle at $60.94 a barrel, while February Brent crude advanced 76 cents, or 1.2%, to $66.10 a barrel.
FedEx (FDX) delivered fiscal second-quarter results that missed consensus expectations and lowered its profit outlook again amid escalating competition from e-commerce giant Amazon (AMZN). FedEx reported revenue of $17.3 billion and adjusted earnings per share of $2.51. It expects to see full-year adjusted earnings of between $10.25 and $11.50 per share.
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