U.S. stocks rose on Tuesday, with the Dow registering its fourth consecutive record high close as tech stocks rebounded from a post-election battering and energy stocks were boosted by a sharp rise in oil prices. Bobbi Rebell reports.
The Dow hitting a record high close for the third session in a row. Tech stocks rebounded and energy stocks were boosted by a sharp rise in oil prices. But investors remain uncertain about the details of President - elect Donald Trump's policies, and are also keeping an eye on key appointments in his administration. Max Wolff, market strategist at 55 Capital. (SOUNDBITE) MAX WOLFF, MARKET STRATEGIST, 55 CAPITAL, (ENGLISH) SAYING: "What the markets look like they have done is assumed that Trump will do the things that markets like, not do the things markets don't like, and that he will not get pushback domestically or internationally. If that all happens sure it is off to the races. But that is true of most presidents." Snapchat going public- possibly as early as March. The messaging app has filed confidentially for an initial public offering, according to Reuters' sources. U.S. retail sales rose more than expected in October as households bought motor vehicles and a range of other goods. In Europe the major country indexes closed higher lifted by oil and utilities.