U.S. stocks rose on Tuesday after data revealed Americans bought more long-lasting manufactured goods last month than markets were expecting, while upbeat consumer confidence data boosted equities as well.
At the close of U.S. trading, the Dow 30 rose 0.17%, the S&P 500 index rose 0.11%, while the NASDAQ Composite index rose 0.29%.
The Volatility S&P 500 index, which measures the outlook for market volatility, was down 0.60% at 11.63.
The U.S. Commerce Department reported earlier that total durable goods orders, which include transportation items, surged by 22.6% last month, blowing past expectations for an increase of 7.5%.
Orders for durable goods in June were revised up to a 2.7% gain from a previously reported increase of 1.7%.
Core durable goods orders, excluding volatile transportation items, contracted 0.8% in July, confounding forecasts for a 0.5% gain. Core durable goods orders rose by 3% in June, though stocks applauded the overall report anyway.
Separately, the Conference Board reported that its widely-watched consumer confidence index rose to 92.4 for August, the highest since October 2007, from 90.3 in July, whose figure was revised down from a previously reported 90.9.
Analysts expected the index to decline to 89.0 in August.
Stocks rose on the data, though geopolitical concerns dampened the day's buying spreee.
On Monday, Ukraine said an armored column including 10 tanks entered from Russia as the government in Moscow unveiled plans to send a second convoy with humanitarian aid.
Elsewhere, investors also tracked a lackluster report on U.S. home prices.
The S&P/Case Shiller composite index of 20 metropolitan areas rose 8.1% year over year, shy of expectations for 8.4 percent.
Leading Dow Jones Industrial Average performers included Pfizer Inc (NYSE:PFE), up 1.05%, UnitedHealth Group Incorporated (NYSE:UNH), also up 1.05%, and International Business Machines (NYSE:IBM), up 0.96%.
The Dow Jones Industrial Average's worst performers included General Electric Company (NYSE:GE), down 0.71%, Nike Inc (NYSE:NKE), down 0.68%, and American Express Company (NYSE:AXP), down 0.51%.
European indices, meanwhile, ended the day higher.
After the close of European trade, the DJ Euro Stoxx 50 rose 1.04%, France's CAC 40 rose 1.18%, while Germany's DAX rose 0.82%. Meanwhile, in the U.K. the FTSE 100 rose 0.70%.