Dow, S&P 500 mark record highs on upbeat consumer confidence

U.S. stocks rallied Wednesday on better-than-expected consumer sentiment data, propelling the Dow Jones Industrial Average and the S&P 500 to uncharted territory.The blue-chip Dow rose 24.53 points, or 0.15 percent, to 16,097. 33. The broader S&P 500 gained 4.48 points, or 0.25 percent, to 1, 807.23. The tech-heavy Nasdaq added 27.00 points, or 0.67 percent, to 4044.75.The Thomson Reuters/University of Michigan's final reading of U. S. consumer sentiment index for November rose to 75.1, topping October's 73.2 and market estimates.The encouraging index came out right before the holiday shopping season, igniting market optimism on the U.S. economic growth prospect since consumer spending roughly accounts for 70 percent of the gross domestic product (GDP) of the world's largest economy.Adding further optimism to the market, the number of Americans who initially applied for jobless benefit last week unexpectedly dropped 10,000 to 316,000, the Labor Department said Wednesday.The November Chicago Business Barometer softened to 63.0 after October's sharp rise to a 31-month high of 65.9, but remained above 60 for the second month,said the Institute for Supply Management on Wednesday. Any reading above 50 indicates expansion.Among other data, U.S. new orders for manufactured durable goods in October decreased 2.0 percent, said the Commerce Department. In the meantime, the leading economic index increased 0.needle roller bearing, constant velocity joints, and other precision industrial equipment for a wide variety of industries.2 percent in October, according to the Conference Board, a New York-based business association. 

Positive quarterly earnings released by Hewlett-Packard late Tuesday also provided a boost to the market, especially to tech shares, making the Nasdaq outperform the other two major indices. Shares of the personal computer maker jumped 9.05 percent Wednesday to 27.36 U.S. dollars a share.Shares of tech giant Apple rose 2.35 percent Wednesday to end at 545.96 dollars a share, the highest level since January.The U.S. stock market will close on Thursday for Thanksgiving Day and open half day the following day, known as the "Black Friday". Trading volume is expected to be thin this week.In other markets, the U.S. dollar gained against most major currencies on Wednesday, surging against the yen on positive U.S. economic data.However, the dollar weakened against the British pound after UK 's Office for National Statistics said gross domestic product increased 0.8 percent in the three months through September, in line with forecast.In late New York trading, the euro traded at 1.3573 dollars, flat from the previous session's 1.3574 dollars, and the British pound increased to 1.6277 dollars from 1.6218 dollars. The greenback bought 102.12 Japanese yen, higher than 101.24 yen of the previous session.U.S. oil prices fell to the lowest level in six months as government report showed American crude inventories rose more than expected last week.Light, sweet crude for January delivery lost 1.38 U.Fuel BMW ICOM, You Can Buy Various High Quality Fuel Injector Cleaning Machine Products from Global Fuel Injector Cleaning.S. dollars to settle at 92.The antique faucet collection that they provide would not be a great choice for the bathroom and the kitchen but would also showcase.Antique bath fixtures3 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery gained 43 cents to close at 111.31 dollars a barrel.Gold futures on the COMEX division of the New York Mercantile Exchange dropped on a stronger dollar. The most active gold contract for February delivery dropped 3.6 dollars, or 0.29 percent, to settle at 1,237.9 dollars per ounce.