US STOCKS-Stocks rise on consumer confidence, but China weighs

* Consumer confidence rises more than expected

* Travelers boosts Dow, but Verizon and J&J weigh

* China tightens bank lending rules

* Indexes up: Dow 0.4 pct, S&P 0.2 pct, Nasdaq 0.3 pct

* For up-to-the-minute market news, click [STXNEWS/US]
(Updates to add consumer confidence data)

By Ryan Vlastelica

NEW YORK, Jan 26 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) edged higher on
Tuesday, as better-than-expected consumer confidence data and
strong quarterly results from Travelers and Apple offset
concerns about a Chinese government clampdown on bank lending.

Consumer confidence rose for a third straight month to its
highest level since September 2008, according to the Conference
Board. For details, see [ID:nN26232371]

The markets initially opened lower after sources said
China’s central bank told some banks to increase their reserve
ratios by 0.5 percentage point, effective Tuesday.

“Strong confidence is important and why we had a rebound in
markets,” said Alan Lancz, president of Alan B. Lancz &
Associates in Toledo, Ohio. “However, there are still a lot of
uncertainties about China and banking regulations that have
investors in a quandary.”

The Dow Jones industrial average (.DJI: ) rose 40.81 points,
or 0.39 percent, at 10,237.14. The Standard & Poor’s 500 Index
(.SPX: ) added 2.31 points, or 0.21 percent, at 1,098.81. The
Nasdaq Composite Index (.IXIC: ) gained 6.05 points, or 0.27
percent, at 2,216.72.

The Dow was helped after Travelers Cos Inc (TRV.N: ), the
property-casualty insurer, reported quarterly profits rose and
beat estimates. The stock was up 3.3 percent to $50.45 and was
the Dow’s top boost. [ID:nN26225550]

In a heavy day of earnings report, DuPont (DD.N: ), Johnson &
Johnson (JNJ.N: ) and Verizon Communications Inc (VZ.N: ) all
reported on Tuesday. J&J fell 1.2 percent to $64.45, while
Verizon lost 2.1 percent to $30.03. The two were the top two
drags on the Dow. DuPont fell 0.6 percent at $32.63.

Apple Inc (Read more about Apple stock future.) (AAPL.O: ) rose 1.6 percent to $206.33 and Texas
Instruments Inc (TXN.N: ) added 0.6 percent to $23.84, a day
after both reported results. [ID:nN25217139] and

In another key piece of economic data, U.S. home prices in
20 major metropolitan areas slipped unexpectedly in November, a
bearish sign. [ID:nNYS007725]

Stock Analysis
(Editing by Jeffrey Benkoe)

US STOCKS-Stocks rise on consumer confidence, but China weighs