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US stocks cheer the rise in US consumer confidence figure

FXStreet (Mumbai) - The US stocks climbed their way back to positive territory after the US consumer confidence figure printed well above estimates.

At the time of writing, the Dow Jones Industrial Average (DJIA) advanced 74 points and the S&P 500 strengthened 12.38 points. The Nasdaq strengthened 37 points.

The stock prices received a boost after the Conference Board’s index of consumer confidence printed at 103 in September from 101.3 a month earlier. Another report showed the S&P/Case-Shiller index of property values rose 5% in the 12 months ended in July after a 4.9%year-over-year gain in the previous three months.

Stock markets in Europe and the stock futures in the US were slammed earlier today on fresh concerns over China’s slowing growth after a dismal reading on industrial profits.

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