Stocks Rise After Poor Housing Data
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Wall Street advanced as investors awaited a report on sales of previously owned homes that might give the Federal Reserve more reason to cut interest rates.
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Stocks slipped on Monday after data showing inventories of unsold single-family homes rose to the highest level in more than 15 years last month fueled concern about the outlook for the economy.
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Stocks rose on Friday, after data showed new home sales unexpectedly rose in July and new orders for durable goods surged, reassuring investors about the economy's health, although credit concerns remained.
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The Dow and S&P rose on Monday, led by health-care and consumer staple shares, as investors poured into companies seen best able to withstand an economic slowdown following dismal employment data last Friday.
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Stocks surged on Monday as investors snapped up shares of manufacturers and downtrodden banks after more weak housing data bolstered expectations the Federal Reserve will slash rates this week.
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London stocks moved higher on Tuesday as surprisingly weak UK inflation data raised hopes that interest rate cuts were still on the agenda.
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U.S. stocks rose on Wednesday as a pullback in benchmark bond yields triggered a rebound in interest-rate-sensitive shares including banks, utilities and home builders.
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U.S. stocks were higher on Tuesday  after strong earnings were posted by several retailers, led by  Home Depot Inc. HD.N, and after U.S. economic reports for  July showed that inflationary pressure was held in check and  housing starts rebounded sharply.
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Stocks opened higher on Wednesday as the market rebounded from its worst slide since 2001, boosted by investors snapping up attractively priced equities.
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U.S. stocks climbed on Thursday after  a government report showed an unexpected fall in weekly  unemployment claims last week, reflecting strength in the job  market, and crude oil prices fell.
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U.S. stocks rose further in late afternoon trade on Friday, sending major indexes up more than 1 percent, as investors bet that the market may be finding its feet after weeks of turmoil, while surprisingly strong data eased concerns about the economy.
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U.S. stocks opened higher on Tuesday  after two separate reports showed inflationary pressure was  held in check in July and U.S. housing starts rebounded sharply  in the same month.
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U.S. stocks rose, reversing earlier losses in volatile trading, on Monday as investors viewed last week's sell-off as providing buying opportunities.
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Stocks opened higher after a reading on jobless claims came in better than economists expected.
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Stock futures rose on Friday, pointing  to a higher market open, after U.S. employment data came in  slightly lower than expected.
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Stocks rose slightly on Friday after an economic report showed a resilient job market, but investors remained cautious amid growing concerns about the subprime mortgage market.
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Stocks rose on Wednesday after a pullback in benchmark bond yields and signs of strength in the economy triggered a rebound in interest-rate-sensitive shares, including banks, utilities and home builders.