Stocks gain after home sales advance
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Stocks rose on Thursday after data showed new home sales increased more than economists had expected last month, boosting optimism about economic growth and corporate profits.
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Stocks rose yesterday after better-than-expected earnings from Apple and American Express eased concern that the housing slump has depressed consumer spending.
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Wall Street stocks were trading higher by mid-morning on Friday, boosted by better-than-expected new homes sales and durable goods orders last month.
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Stocks advanced on Thursday as a rebound in global equity markets helped boost investment banks' shares and strong earnings from U.S. retailers on strong monthly sales allayed worries about the economy's health.
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Wall Street extended its advance after reports showed inflation remained tame in November and industrial production rose for the first time in two months.
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Stocks were up on Friday after stronger-than-expected new home sales in July and another report showing a rise in factory orders for big-ticket items.
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Stocks finished higher on Friday after an increased profit forecast by Microsoft Corp. boosted all three major indexes, while an upbeat outlook by lender Countrywide Financial Corp. stemmed fears of financial-sector losses.
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Stocks extended gains on Monday after a report showed U.S. manufacturing growth accelerated in June even as price pressures eased.
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Stocks soared in early trading as investors awaited data on home sales and manufacturing to help determine how Wall Street will cap a fractious year.
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U.S. stocks rose on Thursday, extending a rebound from last week's sharp sell-off, as investors snapped up financial shares and strong monthly sales from key retailers overshadowed concerns about the subprime mortgage lending market.
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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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Stocks rose on Tuesday, as investors snapped up shares in sectors seen likely to withstand a slowdown in growth following reports pointing to further weakness in housing.
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U.S. stocks advanced on Friday as a jump in oil prices boosted energy stocks and an unexpected rise in July new home sales calmed worries about the economy.
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U.S. stocks advanced on Tuesday after  the Federal Reserve raised interest rates for a third time this  year, as expected, and said the economy had "regained some  traction."
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Stocks climbed on Friday as an unexpected rise in July new home sales calmed worries about the housing market slump, helping investors put aside fears about a recession.
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Stocks rose as investors looked past rate cut disappointment and reversed Tuesday's sell-off.
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Stocks rallied on Friday after a higher profit forecast by Microsoft Corp.  lifted all three major indexes and an upbeat outlook by lender Countrywide Financial Corp.  stemmed fears of financial-sector losses.