Beverly Hills 2/3/2010 1:51:20 AM
Stocks Riven Higher by Housing Data at Midday
Financial World News Update by Equities Magazine
Major U.S. Indices made gains on Tuesday morning for the second consecutive day as positive U.S. housing data, partnered with yesterdays improvements helped bolster attitudes toward the market. The Dow Jones industrial average was up 58.42 points in morning trading, or 0.6 percent, to 10,243.95 while the Standard & Poor's 500 index rose 7.85 points, or 0.7 percent, to hit 1,097.04. Yesterday optimistic news in manufacturing drove up the market. Tuesday the housing market has indicated it is on the up and up, driving up major indexes. Investors responded eagerly to a survey from the National Association of Realtors that revealed more U.S. homes due to be sold rose in December for the ninth month consecutive month. Investors, while noting the housing market as a good indicator for recovery are still apprehensive to dive back in after a positive early 2010 that seemed to cement a recovery turned sour after a matter of weeks. About EQUITIES: Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
