
US stocks ended little changed Tuesday after a sharp morning decline following news of a downed Russian warplane on the Turkish-Syrian border.
In U.S. economic news, revised gross domestic product (GDP) grew at a 2.1 percent annual rate in the third quarter, significantly higher than the 1.5 percent rate estimated a month ago. Consumer confidence fell sharply in November, and an index of home prices jumped 5.5 percent over the past 12 months on tight supply of houses for sale.
The U.S. dollar fell versus other major currencies. Gold futures rose $7 to $1,073.80 an ounce on the New York Mercantile Exchange.
West Texas Intermediate (WTI) crude futures rose $1.12, or 2.7 percent, to $42.87 a barrel amid increased geopolitical tensions. Earlier, WTI gained more than 3 percent to top $43, while Brent crude briefly traded above $46 in London.
The Dow Jones industrial average rose 20.65, or 0.1 percent, to 17,813.33. Sixteen of the index’s 30 components rose, led by pharmaceutical giant Pfizer, whose shares gained 2.5 percent. Energy companies Exxon Mobil and Chevron posted advances of 2.2 and 1.7 percent, respectively.
The broader Standard & Poor’s 500 index rose 2.56, or 0.1 percent, to 2,089.15. Energy led six sectors higher, while utilities was the biggest of four decliners. The Nasdaq composite index was virtually unchanged, rising 0.33 to 5,102.81.
Source: SPA
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