Stock market today: Wall Street drifts to a mostly higher close and Treasury yields fall
Stocks drifted to a mostly higher close following a strong report on consumer confidence and growing hopes that the Federal Reserve is finished with its aggressive interest rate hikes.
The S&P 500 rose 0.1% Tuesday.
The Dow Jones Industrial Average added 83 points and the Nasdaq composite climbed 0.3%.
Treasury yields fell after Christopher Waller, a member of the Federal Reserve’s Board of Governors, said he was ‘increasingly confident’ that the Fed could get inflation back down to its 2% target.
The Conference Board’s November consumer confidence survey came in higher than analysts were expecting.
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