Strong Economic Reports Send Stocks Higher

NEW YORK (June 25, 2013)-- Stocks ended the day higher Tuesday after several encouraging economic reports brought buyers back to the market.

Home prices jumped in April, durable goods orders rose, and consumer confidence soared.

The Dow Jones industrial average rose 100 points, or 0.7 percent, to close at 14,760 Tuesday.

The Dow slumped 139 points the day before.

The Standard & Poor's 500 index rose 14 points, or 1 percent, to end at 1,588.

Telecommunications and bank stocks rose the most.

The Nasdaq composite rose 27 points, or 0.8 percent, to end at 3,347.

The yield on the 10-year Treasury note rose to 2.60 percent from 2.54 percent late Monday.

The gains were broad.

Four stocks rose for every one that fell on the New York Stock Exchange where volume was average at 3.6 billion shares.


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