U.S. stocks ended Tuesday’s trading session mixed on a day that had positive news on the consumer confidence front.
The Dow Jones Industrial Average rose 0.6 percent to 16,367.88, while the S&P 500 Retailing Industry Group slipped 0.5 percent to 898.41.
The Conference Board’s Consumer Confidence Index also rose to its six-year high in March. The Index is now at 82.3, up from 78.3 last month. The Present Situation portion dipped to 80.4 from 81, while the Expectations component rose to 83.5 from 76.5.
Lynn Franco, director of economic indicators at The Conference Board, attributed gain to consumers being “moderately more upbeat about future job prospects and the overall economy, [although] they were less optimistic about income growth.”
Among the top stock performers Tuesday were Inter Parfums Inc., up 3 percent to $37, and Movado Group Inc., which rose 1.6 percent to $42.03. Nordstrom Inc. increased 1.1 percent to $62.48.
Among the day’s decliners were American Apparel Inc., dropping 22.1 percent to 60 cents. The firm said it plans to offer $30.5 million in common stock to the public, and would use the proceeds from the stock sale for general corporate purposes. American Apparel faces a $13.5 million interest payment and possible delisting by the NYSE MKT exchange next month.
Also losing ground were Cache Inc., down 13.3 percent to $3.33, and The Wet Seal Inc., falling 11.9 percent to $1.11.
Overseas, the European stock markets were on the upswing at the close of trading on Tuesday, with the CAC40 and the DAX leading the way.
The French and German markets each advanced 1.6 percent to 4,344.12 and to 9,338.40, while the FTSE 100 in London was up 1.3 percent to 6,604.89. The FTSE MIB in Milan, meanwhile, rose 1 percent to 20,823.16.
The euro traded at $1.38, while the pound fetched $1.65, and the Swiss franc equaled $1.13.
Retail and luxury stocks were mostly up, with the day’s biggest gainers including Italia Independent Group, 5.1 percent to 39.32 euros; Ted Baker, 3 percent to 23.20 pounds; Kering, 2.9 percent to 144.25 euros; Luxottica Group, 4 percent to 40.50 euros; and Aeffe, 4.8 percent to 0.81 euros.
Among the stocks that lost the most ground were Gemfields, 2 percent to 36 pence and French Connection Group, 1.3 percent to 58 pence.