How Major US Stock Indexes Fared Nov. 28

Stocks drifted to a mostly higher close following a strong report on consumer confidence and growing hopes that the Federal Reserve is finished with its aggressive interest rate hikes.

The S&P 500 rose 0.1 percent Tuesday. The Dow Jones Industrial Average added 83 points and the Nasdaq composite climbed 0.3 percent.

Treasury yields fell after Christopher Waller, a member of the Federal Reserve’s Board of Governors, said he was ‘increasingly confident’ that the Fed could get inflation back down to its 2 percent target. The Conference Board’s November consumer confidence survey came in higher than analysts were expecting.

On Tuesday:

The S&P 500 rose 4.46 points, or 0.1 percent, to 4,554.89

The Dow Jones Industrial Average rose 83.51 points, or 0.2 percent, to 35,416.98.

The Nasdaq composite rose 40.73 points, or 0.3 percent, to 14,281.76.

The Russell 2000 index of smaller companies fell 8.35 points, or 0.5 percent to 1,792.81.

For the week:

The S&P 500 is down 4.45 points, or 0.1 percent.

The Dow is up 26.83 points, or 0.1 percent.

The Nasdaq is up 30.90 points, or 0.2 percent.

The Russell 2000 is down 14.69 points, or 0.8 percent.

For the year:

The S&P 500 is up 715.39 points, or 18.6 percent.

The Dow is up 2,269.73 points, or 6.8 percent.

The Nasdaq is up 3,815.27 points, or 36.5 percent.

The Russell 2000 is up 31.56 points, or 1.8 percent.