S&P 500 gained on Wednesday lifted by housing data

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Source: Dukascopy Bank SA
S&P 500 advanced on Wednesday as investors became inspired by better than predicted durable goods orders and pending home sales data. Index extended gains climbing 0.9% or 11.86 points and finishing at 1,331.85. Homebuilder Lennar Corp. added 4.8% after a tax benefit and soaring demand stimulated a gain in its fiscal second-quarter net income. Energy producers Qep Resources and Cabot Oil rallied 8% and 9% respectively after crude price climbed on stronger property data. 

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