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Stocks Forge Higher to Yet More Records

T.SHOP

Stocks rose slightly on Tuesday as retail shares outperformed, lifting the major averages to fresh record highs

The Dow Jones Industrials gained 55.21 points to close Tuesday at another all-time record of 28,121.68.

The S&P 500 added 6.88 points to 3,140.52 to Monday's record.

The NASDAQ added 15.44 points to 8,647.93, improving on Monday's all-time peak.

Retailers rose broadly after Best Buy posted quarterly earnings that beat analyst expectations, sending its stock up more than 9%. The electronics retailer also raised its fiscal 2020 earnings forecast. Dick's Sporting Goods also rallied more than 18% on better-than-expected earnings.

On the data front, the S&P Case-Shiller index showed home price gains accelerated in September, gaining 3.2% annually. Consumer confidence dipped slightly in November, data from the Conference Board showed.

Prices for the 10-Year U.S. Treasury moved slightly upward, lowering yields to 1.74% from Monday's 1.76%. Treasury prices and yields move in opposite directions.

Oil prices tacked on 34 cents to $58.35 U.S. a barrel.

Gold prices recovered $5.30 to $1,462.20 U.S. an ounce.