U.S. stocks extended gains on Tuesday morning. Investors are waiting for the upcoming Federal Reserve monetary policy meeting minutes. U.S. retail sales rose more than expected in November as investors are excited, but Best Buy's earnings disappointment.
At 10:45 on December 14 EST, the Dow Jones industrial average rose 63.23 points to 11,491.79 points, or 0.55%; the Nasdaq composite index rose 10.47 points to 2,635.38 points, or 0.40%; the S & P 500 Index rose 4.35 points to 1,244.81 points, or 0.35%.
Dow component Walt Disney (DIS) rose 0.6%, Bank of America (BAC) rose 1%, Caterpillar (CAT) rose 1.2%.
Health care sector led the broader market. Drugmaker Amgen (AMGN) rose 2.9% after the company announced, the company said a study of its orthopedic drugs Xgeva can help prostate cancer patients live longer, and prevent the cancer cells spread to the bone.
A push by the positive data, consumer sector doing well. Hasbro Toy sellers (HAS) rose 2.4%, the retailer Target (TGT) rose 0.8%, Tiffany (Tiffany) rose 0.4%.
The Commerce Department reported Tuesday, the United States in November retail sales rose 0.8%, economists had expected a growth of 0.5%. Automobile and auto parts retail sales in October rose by 5.6% in 0.8% decline in November. Excluding autos, retail sales rose 1.2% in November, economists had expected a growth of 0.7%.
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