SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets closed higher for second straight session

US markets closed higher for second straight session

23 Dec 2015 Evaluate

The US markets closed higher on Tuesday, for a second straight session, shrugging off soft economic data. A rebound by US crude-oil futures from multiyear lows offered some support for energy and materials stocks. The economy expanded a touch slower in the third quarter than previously reported, but the path of growth is still the same. Gross domestic product - the sum of all the activity in an economy - increased at a 2% annual pace from July to September. The US grew at a 2.1% rate after a 3.9% increase in the second quarter. The slight downgrade was triggered by a larger trade deficit and a smaller buildup in inventories than earlier estimates showed. The US expanded at a 2.2% rate through the first nine months of the year, and the economy is projected to grow at a similar pace in the fourth quarter that ends on December 31. If so, the economy will have failed to reach 3% growth for the 10th straight year, marking the slowest stretch since the end of World War II.

Meanwhile, sales of existing homes plunged 10.5% in November, a worrying sign for a sector of the economy that had seemed to be steadying throughout the year. Home re-sales ran at a seasonally-adjusted annual rate of 4.76 million. That was 3.8% lower than a year ago, the first annual decline since September 2014. November’s pace was the slowest in 19 months and marked what NAR called a statistical anomaly rarely seen except during periods when tax credits expire. The last time sales fell so sharply was July 2010.

The Dow Jones Industrial Average gained 165.65 points or 0.96 percent to 17,417.27, the Nasdaq was up 32.19 points or 0.65 percent to 5,001.11 and the S&P 500 added 17.82 points or 0.88 percent to 2,038.97.

The Indian ADRs closed mostly in green; HDFC Bank was up 0.67%, Infosys was up 0.23% and ICICI Bank was up by 0.10%. On the other hand, Dr. Reddy’s Lab was down by 0.16% and Tata Motors was down by 0.16%.



Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×