Tag Archives: Points
Dow Surges 200 Points on Europe, U.S. Housing Data
NEW YORK (TheStreet) — U.S. stocks were
rebounding Tuesday as investor sentiment got a boost from surprisingly good U.S. housing numbers and uplifting economic news out of Europe.
The Dow Jones Industrial Average was rising 246 points, or 1.3% higher, at 12,012. The S&P 500 was rising 26.4 points, or 2.2% , at 1231, and the Nasdaq was ahead by 57.8 points, or 2.2%, at 2581.
The Commerce Department on Tuesday reported better-than-expected housing starts in November, rising 9.3% to 685,000, up from the revised October estimate of 627,000 and better than the 630,000 that economists surveyed by Thomson Reuters were expecting. Building permit numbers for November also came in better than expected, rising 5.7% to 681,000, up from the revised October estimate of 644,000, and better than the 635,000 that economists polled by Thomson Reuters were expecting.
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