- U.S. stocks rose today because data on durable goods orders, sales of new homes and consumer confidence all EXCEEDED EXPECTATIONS!
- Housing stocks were among the strongest of the day after the data and also after Lennar Corp (LEN.N) posted strong results, pointing to a solid housing recovery. The stock rose 0.7 percent to $35.23 while the PHLX housing sector index (.HGX) climbed 1.4 percent.
- All 10 industry sectors on the S&P 500 ended up, led by gains in financials and energy shares.
Categories: Equity Capital Markets