Stocks Close at Record High Again

No end in sight to stock rally

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U.S. stocks made gains on Wednesday thanks to a positive read on consumer confidence. The Dow Jones had another record close (following yesterday’s record), finishing the day up 0.2 percent at 16,097.33. The S&P 500 also posted a new record close, rising 0.3 percent to close at 1,807.33.

The Thomson Reuters/University of Michigan gauge on consumer sentiment came in at 75.1 in November, topping estimates for a rise to 73.5, according to CNBC. Consumers are jolly and ready to head to the stores on Black Friday.

[CNBC]

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