NEW YORK (AP) — The latest signs of a rebound in housing are sending stocks sharply higher on Wall Street.
The Dow Jones industrial average jumped nearly 116 points to end at 13,900 Tuesday, led by a 6 percent surge in Home Depot. The country's biggest home improvement store chain reported a big increase in earnings.
In another sign that the housing market was gaining steam, the government reported that sales of new homes jumped 16 percent last month to the highest level since July 2008.
That sent the stocks of homebuilders higher. Hovnanian jumped 11 percent.
The Standard & Poor's 500 rose nine points to 1,496. The Nasdaq rose 13 to 3,129.
Two stocks rose for every one that fell on the New York Stock Exchange. Volume was average at 3.8 billion shares.
The truth about gun deaths: numbers and actual solutions
Cortney O'Brien - "Do You Get How Bad it Looks?": Today Show Grills Hillary on Emails
'Laughing so hard I can't type'! Valerie Jarrett done got trolled on gun control - twitchy.com
High School Shooting Thwarted in California
She's Afraid of Her Tenant
The War on America Turns 50 | Human Events
I Have a Concern About Jason Chaffetz | RedState