Stock Market Watch

Stocks End Sharply Higher

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Stocks rose sharply for a second successive day on Tuesday even as market participants wait anxiously for Federal Reserve’s monetary policy statement, which is scheduled to be released on Wednesday.

All three major indexes ended near session highs. The Dow Jones ended the day 0.91% higher at 15,318.23, the S&P 500 ended the day 0.78% higher at 1,651.81, and the Nasdaq ended the day 0.87% higher at 3,482.18.

Industrials led the gains in the S&P 500 on Tuesday, ending the day 1.06% higher. Consumer Cyclical sector also rose sharply, ending the day 0.95% higher. Consumer Non-Cyclical was the only sector in the S&P 500 to end the day in red. The sector finished 0.02% lower.

Among the major movers on Tuesday included Universal Display Corporation (NASDAQ: PANL), which ended the day 6.26% higher at $28.87, FLIR Systems Inc. (NASDAQ: FLIR), which ended the day 6.15% higher at $26.49, and La-Z-Boy Incorporated (NYSE: LZB), which ended the day 6.40% higher at $20.28.

On the economic front, a report released by the Labor Department showed that consumer prices rose 0.1% in the month of May. Meanwhile, a report from the Commerce Department showed that housing starts rose 6.8% in May to 914,000 annualized rate.

European markets ended on a mixed note on Tuesday, with the FTSE 100 Index in London closing 0.69% higher, and the CAC 40 Index in Paris closing 0.08% lower. Asian markets struggled overnight, with the Nikkei 225 Index in Japan closing 0.20% lower, and the Hang Seng Index in Hong Kong closing flat.

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edliston
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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