Housing, profits lift Wall St, Amazon up late

MARKETS-USA-STOCKS:Housing, profits lift Wall St, Amazon up late
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Markets » International Markets

Apr 27, 2012, 11.20 AM | Source: Reuters

Housing, profits lift Wall St, Amazon up late

MARKETS-USA-STOCKS:Housing, profits lift Wall St, Amazon up late

Like this story, share it with millions of investors on M3

Housing, profits lift Wall St, Amazon up late

MARKETS-USA-STOCKS:Housing, profits lift Wall St, Amazon up late

Post Your Comments

Share Cancel

Housing, profits lift Wall St, Amazon up late
By Caroline Valetkevitch

NEW YORK (Reuters) - U.S. stocks rose for a third day on Thursday after upbeat housing data and stronger-than-expected results from companies, including Citrix Systems Inc , overshadowed some high-profile earnings misses.

An index of pending home sales rose to nearly a two-year high in March, sending the Philadelphia Stock Exchange index of housing-related shares <.HGX> up 3 percent. Shares of homebuilder Lennar climbed 5.7 percent to $27.38.

The stock of PulteGroup Inc , the No. 2 U.S. homebuilder, soared 10.1 percent to $9.58 after it reported a narrower-than-expected loss and its biggest increase in new orders in seven years.

After the closing bell, shares of Amazon.com dividend would rise another 9 cents per share.

Volume was 6.7 billion shares on the New York Stock Exchange, the Nasdaq and the NYSE Amex, compared with the daily average this year of 6.77 billion.

Advancers outpaced decliners by a ratio of more than 2 to 1 on the NYSE and by about 5 to 3 on the Nasdaq.

(Editing by Jan Paschal)

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Housing, profits lift Wall St, Amazon up late

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login