Home
U.S. homebuyers give stocks a thumbs upMiddle East News.Net  Driving markets was an impressive rise in sales of existing houses. The growth rate late month achieved their highest level in two-and-a-half years, according to data released by the National Association of Realtors. "The home sales complement a strong upward trend we are seeing now, there are a lot of people still on the sidelines to pile in because we never had what's called a technically good bottom since March and this will continue the rally," Paul Lange, vice president of services at Team Trading LLC in New York was quoted by Reuters newsagency as saying. At the close of trading Monday the Dow Jones Industrials were up 132.79 points or 1.29% at 10,450.95. The Nasdaq Composite was up 29.97 points or 1.40% at 2,176.01. The Standard and Poor's 500 was up 14.86 points or 1.36% at 1,106.24. The U.S. dollar was little changed from Friday's closing levels. Around the New York close Monday the euro was quoted at 1.4961. The British pound was fetching 1.6605. The Japanese yen was trading at 88.98, and the Swiss franc at 1.0096. The Australian dollar was quoted at 92.42. The Canadian dollar wa schnaging hands at 1.0560. Have your say on this story |
| ||||||||||||||||
Email this story to a friend
