News Summary: Housing stocks lead Wall Street up

AP News
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Posted: Jun 26, 2012 4:47 PM
News Summary: Housing stocks lead Wall Street up

A BRIGHT SPOT: PulteGroup, Lennar and other housing stocks climbed following news that a measure of national home prices rose 1.3 percent in April, the first increase in seven months.

SPLIT IN TWO: Rupert Murdoch's News Corp. jumped 8 percent. The company confirmed that it's contemplating a breakup into two publicly traded companies. The split would divide its publishing from its entertainment businesses.

INDEXES: The Dow Jones industrial average rose 32.01 points to close at 12,534.67. The broader Standard & Poor's 500 index gained 6.27 points to 1,319.99. The Nasdaq composite rose 17.90 points to 2,854.06.