U.S. stocks rise because of rise in home sales

U.S. stocks rise because of rise in home sales

Summary:

  • U.S. stock rose with the S&P 500 heading towards a record high because of optimistic home sales
  • Apple Inc. jumped 3.2 percent to lead a rally in technology shares.
  • Tenet Healthcare Corp. surged 6.7 percent as hospitals will get a pay raise from the U.S. government for treating Medicare patients.
  • Equities rose today as figures from the National Association of Realtors showed the index of pending home sales increased 1.5 percent after a revised 1 percent decline the prior month
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Categories: Capital Markets

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