Wednesday, February 10, 2016
Current Weather
Loading Current Weather....
Published: Wednesday, 5/29/2013

Stocks jump after home prices, confidence surge


NEW YORK  — Stocks closed higher on Wall Street today after U.S. home prices rose the most in seven years and consumer confidence reached a five-year high.

The market was bouncing back from a loss last week.

The yield on the 10-year Treasury note jumped to its highest level in over a year as traders sold low-risk assets and moved money into stocks.

The Dow Jones industrial average rose 106 points to close at 15,409 today, a gain of 0.7 percent and another record high.

The Standard & Poor’s 500 index rose 10 points to 1,660, or 0.6 percent. The Nasdaq composite rose 29 points to 3,488, or 0.9 percent.

Three stocks rose for every two that fell on the New York Stock Exchange. Volume was lighter than average at 3.3 billion shares.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories