NEW YORK (AFP) - US stocks moved higher again on Tuesday (Nov 15) as the Dow Jones Industrial Average gained for the seventh day - including four straight record closes - and energy and tech stocks followed oil higher.
The Dow finished up 0.3 per cent at 18,923.06 and the broader S&P 500 gained 0.75 per cent to settle at 2,180.39. The tech-rich Nasdaq rose 1.1 per cent to 5,275.62.
Investors in part were buoyed by favorable economic data after the Commerce Department reported retail sales posted a healthy 0.8 per cent increase in October.
Energy stocks were among the day's major gainers, following a sharp upswing in oil prices. Light, sweet benchmark crude for December delivery jumped US$2.49 in New York to settle at US$45.81 a barrel.
Chevron gained 2.2 per cent, ConocoPhillips rose 2.6 per cent and Exxon Mobil finished 1.8 per cent higher.
Tech stocks rebounded after foundering last week, with the so-called FANG group (Facebook, Amazon, Netflix and Google parent Alphabet) all moving higher. Amazon jumped 3.4 per cent.
Home Depot sank 2.5 per cent despite posting better-than-expected third-quarter earnings on Tuesday, with the company telling investors it forecasts only 3 per cent sales growth over the coming holiday period.