Midday on Tuesday, U.S. stocks continued to climb, telecommunications and health care sector led the broader market. Investors are waiting for the upcoming Federal Reserve monetary policy meeting, their poor response to economic data.
At 11:36 on December 14 EST, the Dow Jones industrial average rose 65.32 points to 11,493.88 points, or 0.57%; the Nasdaq composite index rose 9.48 points to 2,634.39 points, or 0.36%; the S & P 500 Index rose 4.55 points to 1,245.01 points, or 0.37%.
Janney Montgomery Scott investment agency chief investment strategist Mark - Luxi Ni (Mark Luschini) said, "The market response to economic data to make a point, but we pay more attention to is the Federal Open Market Committee (FOMC) statement will soon be published. Macro economic conditions determine the attitude of investors, which is why the FOMC monetary policy statement is more important than the cause of economic data. "
Telecommunications and health care sector led the broader market. Among the Dow 30 stocks, 22 stocks rose.
On the data front, the Commerce Department reported Tuesday, the United States in November retail sales rose 0.8%, economists had expected a growth of 0.5%. Automobile and auto parts retail sales in October rose by 5.6% in 0.8% decline in November. Excluding autos, retail sales rose 1.2% in November, economists had expected a growth of 0.7%.
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