The S&P 500, meanwhile, rose 25.61 or 1.24% to 2,093.25, as all 10 sectors on the index closed in the green on Tuesday. Stocks in the energy sector led, skyrocketing 3% on the session. Basic Materials, Health Care and Industrials stocks also enjoyed strong sessions, closing higher by more than 1.5% on the day.
Overnight, data showed that U.S. consumer confidence deteriorated this month, while markets awaited the conclusion of the Federal Reserve’s policy meeting this week.
The Conference Board, a market research group, said its index of consumer confidence fell to 90.9 this month from a downwardly revised 99.8 in June. Economists had forecast a reading of 100.0.
A less optimistic outlook for the labor market, as well as uncertainty and volatility in financial markets prompted by the situation in Greece and China sapped investor sentiment, the report said.
Other reports earlier Tuesday showed that U.S. house price growth stalled in May, while activity in the service sector picked up this month.
Avago Technologies Ltd (NASDAQ:AVGO) reported the gain of 3.02% and closed at $128.42 with the total traded volume of 2.79 million shares. Its market capitalization is $32.38 billion. The stock has a 52-week high price of $150.50 and its 52-week low was recorded at $68.71. Avago Technologies Ltd (NASDAQ:AVGO) designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. AVGO works along with four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Its product portfolio comprises RF power amplifiers, RF filters, RF front end modules, ambient light sensors, proximity sensors, low noise amplifiers, multimarket-wave mixers, diodes, fiber optic transceivers, serializer/deserializer ASICs, and optical laser and receiver components. The companys products also include read channel based system-on-chips, preamplifiers, serial attached SCSI and redundant array of independent disks controllers and adapters, custom flash controllers, industrial fiber optics, optocouplers, motion control encoders and subsystems, and LEDs. Its products are used in smartphones, hard disk drives, computer servers, consumer appliances, data networking and telecommunications equipment, enterprise storage and servers, and factory automation and industrial equipment. The company also offers PCI Express semiconductor and software connectivity solutions.
California Resources Corp (NYSE:CRC) added 2.96% and ended at $4.17. The total traded volume was 9.10 million shares and market capitalization arrived at $1.56 billion. The stock has a 52-week high price of $9.86 and its 52-week low was recorded at $3.75, while during last trade its minimum price was $4.01 and it gained the highest price of $4.26. California Resources Corp (NYSE:CRC) works as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. CRC holds interests in approximately 2.4 million net acres. It also gathers, processes, and markets oil and gas products, as well as produces and sells power. The company is headquartered in Los Angeles, California.
ADT Corp (NYSE:ADT) reported the increase of 2.94% to close at $32.91 with the overall traded volume of 2.87 million shares. Its market capitalization on last close reached to $5.48 billion. The company has the total of 171.30 million outstanding shares. ADT Corp (NYSE:ADT) a leading provider of security and automation solutions for homes and businesses, promulgated a partnership with Nest Labs to make it easier for ADT customers to manage their comfort and save energy. ADT Pulse® customers can now control their Nest Learning Thermostat™ conveniently from ADT’s updated mobile app for Pulse for a more seamless smart home experience. In addition, customers in Atlanta, Chicago, Denver and Miami may be eligible to receive a Nest Thermostat when they sign up for select Pulse service plans. This is the first such commercial partnership and integration by a North American home security & automation provider and is expected to roll out nationwide by the end of the year.
Gulfport Energy Corporation (NASDAQ:GPOR) increased 2.92% settle at $32.81. Its total traded volume during last trading session was 3.07 million shares. The overall market worth of this company is about 3.40 billion. The 52 week range of the stock remained $31.57 – $59.83, while its day’s lowest price was $31.57 and its hit its day’s highest price at $33.28. Gulfport Energy Corporation (NASDAQ:GPOR) engages in the acquisition, exploration, exploitation, and production of natural gas, natural gas liquids (NGLs), and crude oil in the U.S. GPOR’s principal properties are located in the Utica Shale primarily in Eastern Ohio; Louisiana Gulf Coast in the West Cote Blanche Bay; and Hackberry fields. It also has interests in the Niobrara Formation of Northwestern Colorado; Bakken Formation; entities that operate in Southeast Asia, including the Phu Horm gas field in Thailand; and Alberta oil sands located in Canada. As of December 31, 2014, the company had 933.6 Bcfe of proved reserves, as well as undeveloped reserves totaled 3,778 thousands of barrels oil, 373,840 millions of cubic feet natural gas, and 13,889 thousands of barrels of NGLs. Gulfport Energy Corporation is headquartered in Oklahoma City, Oklahoma.