Stocks Rebound

NEW YORK (February 5, 2013)--The stock market gained back most of what it lost Monday on the strength of good earnings reports and a surge in home prices.

The Dow Jones industrial average rose 99 points to close at 13,979 Tuesday after losing 129 points Monday.

The Standard & Poor's 500 index rose 15 points to end the day at 1,511.

The Nasdaq composite rose 40 points to close at 3,171.

U.S. home prices rose in December at the fastest pace in more than six years, real estate data provider CoreLogic said.

Several companies also reported strong earnings, including Kellogg, Computer Sciences Corp. and Archer Daniels Midland.

Rising stocks outnumbered falling ones two-to-one on the New York Stock Exchange where volume was average at 3.5 billion shares.


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