THE NASDAQ finished at a fresh record Tuesday, boosted by strong U.S. consumer data and a gain by Amazon, while the Dow again missed its eagerly anticipated 20,000 milestone. The Conference Board said its consumer confidence index jumped 4.3 points in December to 113.7, easily surpassing an analyst forecast and extending gains made in November to reach the highest point since August 2001. Amazon jumped 1.4 percent after it characterized 2016 as its “best-ever” holiday season, with strong sales for its Echo and Echo Dot products and the widening popularity of its “Alexa” program. The NASDAQ finished at 5,487.44, up 0.5 percent from Friday’s close and about four points above the prior record set December 20. The Dow Jones Industrial Average added 0.1 percent at 19,945.04, while the broad-based S&P 500 climbed 0.2 percent to 2,268.88. Other tech companies with larger gains included Apple, up 0.6 percent, eBay, up 1.5 percent, Netflix, up 2.2 percent and Tesla Motors, up 2.9 percent. The biotech company Biogen rose 1.3 percent on news that the U.S. Food and Drug Administration approved its Spinraza drug for spinal muscular atrophy. Ionis Pharmaceuticals, which developed the drug with Biogen, jumped 3.2 percent. (SD-Agencies) |