Actionable news
0
All posts from Actionable news
Actionable news in XIV: VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN,

Stocks pare gains; tech leads

U.S. stocks traded slightly higher Tuesday, kicking off the last trading week of the year with the Nasdaq composite outperforming.

The Nasdaq composite hit a fresh all-time intraday high in morning trade, briefly topping 5,500 for the first time ever. Shares of Apple traded nearly 1 percent higher and the iShares Nasdaq Biotechnology ETF (IBB) traded about half a percent higher. Information technology and real estate led S&P 500 advancers.

Consumer confidence for December came in at 113.7, up from an upwardly revised 109.4 read in November.

"I think consumer confidence was OK," said Peter Coleman, head trader at Convergex.

"There's not a lot of institutional participation going on this morning. ... There's not a lot driving it right now," he said.

The Richmond Fed current conditions manufacturing index rose to 8 points this month from 4 points in November. The Dallas Fed said that its production index, a key measure of state manufacturing conditions, rose to 13.8 points in December from 8.8 in November.

Ahead of the open, the a>


More