US stocks lifted by strong earnings and consumer confidence data (1 min read)
Major US indexes closed higher for the second day on Wednesday that was driven partly by the strong earnings from bellwethers like Nike and FedEx. The better than expected consumer confidence data in December also boosted investor sentiment. However, as 2022 is coming to an end, all three major US indexes are on pace to post their worst year since 2008. This year the Dow, S&P 500, and Nasdaq were down 8.15%, 18.63%, and 31.55% respectively.