Wall Street Surges on Home Sales Report
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NEW YORK -- Wall Street powered higher Thursday after the government's new homes data in April soared to its biggest increase in 14 years, allaying investor concerns that the housing market will tip the economy into a recession.
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Wall Street made a huge comeback Thursday, with a nearly 400-point swing on the Dow.
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Wall Street resumed its year-end rally Tuesday, bolstered by a new report which showed consumer confidence had jumped sharply in recent weeks.
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U.S. mortgage applications rose last week, fueled by increased demand for home purchase loans even as interest rates hit their highest level in nearly a year, an industry group's data showed on Wednesday.
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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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Wall Street faces home sales data and more earnings reports this week, as it decides whether growth is strong enough to justify pushing the Dow Jones industrial average back above 14,000.
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U.S. stocks rose on Tuesday as a report showing an unexpectedly robust services sector boosted hopes that profit growth would withstand fallout from a slowing housing market.
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Sales of new U.S. homes defied  predictions of a slowdown in April and rose 4.9 percent while  prices climbed, although the supply of homes for sale hit a  record, a government report showed on Wednesday.
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NEW YORK -- Stocks surged Thursday, carrying the Dow Jones industrials into record territory as investors gleaned some positive consumer spending trends from retailers' generally sluggish June sales reports.
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U.S. stocks rose on Friday as a report showing stronger-than-expected job growth boosted optimism about the outlook for profits.
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U.S. stocks extended gains on   Wednesday, putting the Dow within sight of its record high, as   a report showed an unexpected rise in August new home sales,   overshadowing concern raised by data depicting a fall in   durable goods orders.
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Stocks rose on Monday as data on existing-home sales were in line with analysts' forecasts, allowing investors to focus on the recent pull-back in bond yields and the Federal Reserve's policy-setting meeting this week.
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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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Wall Street soared today, propelling the Standard & Poorâs 500 index and Dow Jones industrials to record highs.
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U.S. stocks rose on Wednesday, driving   the Dow Jones industrial average up to within arm's length of   its all-time closing high, as data showing an unexpected rise   in August new home sales eased concerns about the outlook for   corporate profits.
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U.S. stocks rose on Tuesday as a report showing a surprisingly robust services sector boosted hopes that profit growth would weather fallout from a slowing housing market.
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Stocks soared Wednesday, with the Dow Jones industrials rising more than 120 points, as a large buildup in the nation&#39;s energy inventories and increased consumer spending sent buyers back to the market.