U.S. shares rebound as housing data higher than forecast

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Source: Dukascopy Bank SA
Wall Street was green on Tuesday, rebounding from the lowest levels since November 2012, as housing and consumer confidence data topped the estimates. The S&P 500 Index climbed 0.6% to close at 1,496.94. All sectors edged higher. PulteGroup Inc. posted biggest gains in the index, as its shares were 5.72% up at $19.05 by its close, adding to the 0.5% increase in consumer goods. Home Depot Inc. followed with a 5.69% rally, as the home improvement retailer increased its dividend and approved a share repurchase of $17 billion. Furthermore, Delphi Automotive Plc. surged 4.2% to pace gains among auto parts and equipment producers. On the downside, Expeditors International Of Washington Inc. that tumbled 7.3% to $37.06, contributing to industrials group that was 0.6% up. First Solar Inc. paired a 4.22% loss, as the thin-film solar panels said its first-quarter sales revenue will miss the analysts' estimates.
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Wed, 27 Feb 2013 08:40:04 GMT

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