Strong US consumer confidence helped extend Wall Street’s rally on Tuesday, with the Dow closing above 13,000 for the first time since May 2008, while oil suffered its biggest loss in 2-1/2 months.The dollar fell and the euro rose in anticipation of a huge offering of cheap cash from the European Central Bank to banks.
The Dow Jones industrial average settled up 23.61 points, or 0.18%, at 13,005.12. The Standard & Poor’s 500 Index was up 4.59 points, or 0.34%, at 1,372.18. The Nasdaq Composite Index was up 20.60 points, or 0.69%, at 2,986.76.
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