U.S.
stocks rose, restoring the Standard & Poor’s 500 Index’s gain for
the year and nearly erasing a monthly decline as retailers and
technology shares led a rally in light trading.
The S&P 500 advanced 1.1 percent to 2,078.27 at 4 p.m. in New York, rising to a three-week high.
Tuesday’s
activity was a reflection of the year, with investors piling into the
three top-performing S&P 500 industry groups in 2015 -- consumer
discretionary, health-care and technology. Two of the year’s worst
three, energy and utilities, were among the biggest laggards today.
With
today’s rally, the benchmark has nearly wiped out a monthly decline
after falling as much as 3.6 percent amid a series of sharp selloffs and
rallies in December. If the measure closes the year higher, it will be
its fourth consecutive annual gain. The index has risen as much as 3.5
percent in 2015 and dropped 9.3 percent at its low in August.
Source : Bloomberg
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