Stocks Continue To Climb Higher Heading Into The Final Hour Of Trading
U.S. stocks continue to climb higher, as positive housing data has been able to outweigh any fears concerning the credit market.
Shortly after the opening bell, new home sales data was released that showed a 2.8 percent increase in new home sales for July. The increase easily beat analyst expectations, but were well down 10.2 percent from the same month last year. The increase brings optimism that the housing slowdown may be coming to an end.
In recent trading, stocks continue to their upward movement, trading at their intraday highs. The Dow is up 116.82 at 13,352.70, the Nasdaq is up 28.95 at 2,570.65, and the S&P 500 is up 14.13 at 1,476.63.
Shortly after the opening bell, new home sales data was released that showed a 2.8 percent increase in new home sales for July. The increase easily beat analyst expectations, but were well down 10.2 percent from the same month last year. The increase brings optimism that the housing slowdown may be coming to an end.
In recent trading, stocks continue to their upward movement, trading at their intraday highs. The Dow is up 116.82 at 13,352.70, the Nasdaq is up 28.95 at 2,570.65, and the S&P 500 is up 14.13 at 1,476.63.
posted by Brad at
11:31 AM
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