(CNBC) — Stocks closed higher on Tuesday, despite a sharp fall in oil prices, following the first presidential debate between Hillary Clinton and Donald Trump.
The Dow Jones industrial average rose approximately 130 points, with IBM contributing the most gains. The S&P 500 gained about 0.65 percent, with information technology and consumer discretionary rising 1 percent to lead advancers. The Nasdaq composite outperformed, trading about 0.9 percent higher.
Quincy Krosby, market strategist at Prudential Financial, said the market received a boost from a number of economic data releases. "There's a premium on data at this time because the data recently has been slipping," she said. "The cumulative data we've gotten today indicate the economy is not slipping further."
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