Summary Box: Stocks rise on news IMF raising cash

AP News
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Posted: Jan 18, 2012 4:05 PM
Summary Box: Stocks rise on news IMF raising cash

RESCUE FUNDS: The IMF's managing director said the fund was looking at ways to raise another $500 billion for loans to struggling countries. The IMF has put up roughly a third of the money given as rescue loans to European governments.

HOUSING: The National Association of Home Builders index rose to its highest level since June 2007 as sales jumped. Analysts said it could be a sign the housing market has bottomed out.

GOLDMAN: Goldman Sachs Group' stock jumped 7 percent after the investment bank reported quarterly earnings that trumped analysts' expectations.