Loading…
Thursday, July 31, 2014
Current Weather
Loading Current Weather....
Published: Tuesday, 6/24/2014

Stocks inch up after strong housing, consumer data

ASSOCIATED PRESS

NEW YORK — U.S. stock indexes are edging higher in midday trading following some encouraging news on the economy.

Homebuilder stocks rose sharply after the government reported that sales of new homes rose in May to the highest level in six years.

Investors were also encouraged by an increase in consumer confidence to the highest level since January, 2008.

The Dow Jones industrial average rose 15 points, or 0.1 percent, to 16,953 as of noon today.

The Standard & Poor’s 500 index rose three points, or 0.2 percent, to 1,967 and the Nasdaq composite rose 29 points, or 0.7 percent, to 4,397.

Both the Dow and S&P 500 are flirting with record highs.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.60 percent.



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