Publications
Partners
New York - US stocks Tuesday bounced back from Monday's losses and moved higher on a solid report on home prices and decent earnings results.
Five minutes into trade, the Dow Jones Industrial Average rose 66.00 (0.43%) to 15 587.97.
The broad-based S&P 500 added 6.90 (0.41%) at 1 692.23, while the tech-rich Nasdaq Composite Index increased 14.29 (0.40%) to 3 613.43.
Stocks had retreated Monday ahead of a busy week of economic news, including a Federal Reserve monetary policy meeting that opens Tuesday and the monthly jobs report on Friday.
Tuesday's gains came after the S&P/Case-Shiller index of home prices showed prices in the 20 largest US cities increased 2.4% in May compared with April, and were up a better-than-expected 12.2% from May 2012.
Pharmaceutical giant Pfizer and a number of smaller companies also reported earnings, with most of the bigger companies meeting or exceeding profit expectations.
