Stocks Jump on Consumer Confidence, Treasury Yields Hit 13-Month Highs (TSLA, TIF)

After what was three consecutive days of losses, Wall Street finished higher on Tuesday. Stocks climbed with the help of positive data showing that consumer sentiment rose to a five-year high for May and that home prices were up 10.9% from one year ago. The Dow Jones Industrial Average closed at another record high and saw its 20th positive Tuesday in a row. Tesla Motors (TSLA) continued to push higher and Tiffany & Co. (TIF) jumped 4% after reporting earnings that beat expectations.
Exelon Corp. (EXC) was downgraded to "buy" and dropped 7.5%. US Treasurys hit their highest yield in thirteen months on the recent positive economic news. European stocks were able to rally on US confidence as well.

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Published on May 28, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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