Wednesday, 28 December 2016

Wall Street edges up in low volume, boosted by tech shares

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US stocks rose slightly on Tuesday, supported by upbeat consumer and housing data, with gains in technology shares lifting the Nasdaq Composite to a record close. At just over four billion shares traded, it was one of the lowest-volume sessions of 2016. Volume across markets is expected to continue to be weak through the end of the year. Tuesday data showed American consumers' confidence shot to its highest in more than 15 years in December as they saw more strength ahead in business conditions, stock prices and the job market, while house prices continued their steady recovery in October.

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