US stocks closed higher on positive data

Source: Dukascopy Bank SA
The Wall Street closed in green area on Tuesday following positive headlines from the US real estate and manufacturing sectors. The overall durable goods orders climbed 5.7% in February compared to a forecast of a 3.8% increase. Meanwhile, home prices continued to improve last month. Adding to gains, US equities drew strength from eased worries over Cyprus bailout. The S&P 500 Index jumped 0.78% ending the session only two points less of its all-time high. All industries included in the index were bullish. The top-gainers were health care and oil and gas industries, jumping 1.26% and 1.07%. Agilent Technologies Inc and Hospira added 1.68% and 0.25%, while Baker Hughes Inc. and Cabot Oil & Gas Corp. climbed 1.76% and 0.49%. Energy stocks also received a boost from solid crude oil and natural gas prices. Tech stocks also joined the rally, gaining 0.50%. Netflix jumped 5.43% after Pacific Crest raised its price target to USD225 from USD160, citing expectations of an increase in the number of subscribers.
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