Summary
NEW YORK -- Stocks rose Friday after a strong report on new home sales offset mixed news from corporate earnings reports. The market was held in check for much of the day after Greece decided to tap a bailout program. The Dow Jones industrial average closed higher for the 11th time in 12 trading days. Friday's gains wrapped up the index's eighth consecutive weekly gain.
Sales of new homes jumped 27 percent in March, bouncing off a record low in February, the U.S. Commerce Department reported. It was the best month since July. The gains were likely fueled by customers who are trying to qualify for federal tax credits that will expire at the end of this month.See the full content of this document
Extract
Home Sales, Earnings Boost Wall Street
Shares of homebuilders including PulteGroup Inc. and Lennar Corp. rose for...
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