NEW YORK — The stock market is higher following encouraging news on the U.S. housing market.
Investors were keeping a watchful eye on developments in Ukraine after Russian President Vladimir Putin recognized the Ukrainean region of Crimea as an independent country.
Home builders rose after applications for permits to build homes rose 7.7 percent in February, more than analysts were expecting.
The Standard & Poor’s 500 index rose 10 points, or 0.5 percent, to 1,868 as of midday today.
The Dow Jones industrial average rose 81 points, or 0.5 percent, to 16,326. The Nasdaq composite rose 38 points, or 0.9 percent, to 4,318.
GameStop sank 5 percent following news that Wal-Mart plans to expand its video game trade-in program to its stores.
The yield on the 10-year Treasury note fell to 2.68 percent.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.