airline stocks gained tuesday after delta air lines boosted its financial outlook for the year major stock indexes rose tuesday as investors sifted through a fresh round of data that signaled a resilient us economy the sp 500 advanced 11 and the nasdaq composite added 16 while the dow jones industrial average closed 06 higher orders for manufactured us goods rose 17 in may helped by strong demand for passenger planes and new autos it was the third consecutive month of gains a sign that manufacturing orders may have bottomed after slumping last year orders rise in an expanding economy and shrink in a contracting one meanwhile a closely watched survey of consumer confidence jumped to a 17month high an indication that individuals are feeling better about inflation and the economy the conference board’s consumer confidence index hit 1097 in june higher than economists polled by the wall street journal had expected “it’s hard to envision a recession if you look at the economic data readings we’ve had over the past two months” said art hogan chief market strategist at b riley wealth management “now that we’re closer to the end of the ratehike cycle we’re in more of a place where investors view good economic data as a positive for earnings and stocks” while higher consumer confidence is a positive for an economy driven by consumer spending analysts say improving confidence could complicate the federal reserve’s campaign to tame inflation americans expect prices to rise 6 over the next 12 months according to the survey that is the lowest inflation expectations reading in more than two years but still well above the fed’s 2 target “the data today continue to show the fed’s job is very tough” jefferies analyst thomas simons wrote tuesday “consumer attitudes remain resilient and their spending plans have only come in modestly” treasury yields rose following tuesday’s data releases with the benchmark 10year yield climbing to 3767 from 3719 monday yields rise as bond prices fall as 2023 approaches its midway point equity investors are sitting on big gains the sp 500 has rallied 14 this year the nasdaq is up 30 on pace for its best first half since 1983 together strong stock market performance and a resilient economy are perplexing some investors and analysts who had expected the fed’s fastest interest rate increases in over four decades to cause more of a slowdown by now one area where higher rates clearly are affecting prices is housing us home prices posted their first yearoveryear price decline in 11 years in april according to the sp corelogic caseshiller national home price index released tuesday market skeptics continue to point to the fact that much of this year’s index gains have been driven by a handful of the biggest technology companies big tech helped propel tuesday’s gains with tesla meta platforms and nvidia all gaining more than 3 “if the few stocks driving the rally fail to deliver on elevated earnings expectations the broad market will likely be exposed to a pullback” said seema shah chief global strategist at principal asset management airline stocks gained tuesday after delta air lines boosted its financial outlook for the year delta american airlines and united airlines all advanced more than 5 cruise operators carnival and royal caribbean were also among the sp 500’s top performers walgreens boots alliance was the index’s laggard tumbling 93 after the drugstore chain slashed its financial outlook for 2023 shares of lordstown motors fell 17 after the electrictruck startup filed for bankruptcy protection commodity and currency markets were relatively quiet tuesday as investors continued to brush off the weekend’s revolt in russia brent crude the oil benchmark fell 26 to 7226 the russian ruble modestly extended declines against the dollar overseas the stoxx europe 600 was little changed up less than 01 japan’s nikkei 225 fell 05 and the shanghai composite index added 12