Wall Street ends marginally higher

India Infoline News Service | Mumbai | November 30, 2016 08:51 IST

The S&P 500 posted 28 new 52-week highs and no new lows; the Nasdaq Composite recorded 177 new highs and 29 new lows.

Wall Street closed marginally higher on Tuesday, led by health care and real estate, as investors digested falling oil prices ahead of a key OPEC meeting, as well as economic data. US GDP numbers came in at 3.2% in the September quarter raising hopes of a rate hike next month.

The Dow Jones industrial average closed about 25 points higher. The S&P 500 gained 0.1% with health care and real estate rising about 0.7%. The Nasdaq composite outperformed, closing 0.2% higher. The three major indexes traded lower earlier in the session.

The S&P 500 posted 28 new 52-week highs and no new lows; the Nasdaq Composite recorded 177 new highs and 29 new lows.

Gold prices fell on Tuesday due to expectations of rising US interest rates and a higher dollar and improving sentiment for global economic growth, which means investors are likely to favour risk assets such as equities. 
 

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