BUSINESS INFORMATION - U.S. stocks on Wall Street rose moderately new to the highest position for this year on Tuesday local time

BUSINESS INFORMATION - U.S. stocks on Wall Street rose moderately new to the highest position for this year on Tuesday local time, lifted by gains in consumer confidence and house price data and the re-appointment, the U.S. Federal Reserve Chairman Ben Bernanke for a second term by President Barack Obama.

Jones Industrial Average index rose 30.01 points (0.32 percent) to finish at 9539.29, its highest level this year.

Composite index of technology stocks heavy Nasdaq rose 6.25 points (0.31 percent) to 2024.23 and the Standard & Poor's index `s 500, a measure widely market, increased 2.43 points (0.24 percent) to 1028.00 .

The seesaw traders under pressure from a sharp decline in crude oil prices pulled heavyweight oil stocks down.

Opened with a modest increase, the main index could reach the highest position, after the Conference Board reported consumer confidence index "rebounding" (turned up) to 54.1 points in August, well above analyst estimates, and broke two months of decline.

Sentiment was also lifted by a house price index from the S & P / Case-Shiller that showed a decrease in 20 cities slowed to an annual reduction to 15.4 percent in June from 17.1 percent decrease in May.

Before the markets opened, President Barack Obama announced that he ran back to Bernanke's four-year term of office a second, pointed to his skill in maneuvering trapped-economic recession toward recovery. Diperkirana Senate confirmed this nomination.

Keeping Bernanke at the helm of the Fed will "increase the likelihood that the central bank would work out of the major disruption of financial markets," he said.

Sentiment worsened after crude oil prices closed lower after rising sharply to the highest position in the 10-month New York.

Dow heavyweights, ExxonMobil fell 0.87 percent to 70.68 dollars and Chevron dropped 0.16 percent to 70.65 dollars.

Among stocks in focus, home improvement retail giant Home Depot rose 1.07 percent to 27.32 dollars, raised by the Case-Shiller report.

Network fast food Burger King soared 6.17 percent to 18.75 dollars after its profit better than expected.

Yahoo! rose 0.67 percent to 15.09 dollars. U.S. Internet giant said the Internet giant has agreed to buy web-based portal Maktoob, Jordan, expanding the outreach in the Arab World. Financial details not disclosed.

Most of the major indexes ended flat on Monday, after a four-day winning streak. Dow crept up 0.03 percent.

Rising bond market. The yield (yield) on bonds of 10-year fell to 3.450 percent from 3.494 percent Monday and the 30-year bond fell to 4.230 percent from 4.288 percent. Bond prices and yields move in opposite directions.