Wall Street Rebounds On Housing Data, Durable Goods Orders

Category: Companies / Jun 25, 2013 4:59PM EDT

Wall Street rebounded on Tuesday after strong housing and durable goods data helped investors worried about the Federal Reserve's plans to scale back its stimulus program.

Durable goods orders and new home sales beat economists' expectations, while housing prices and consumer confidence soared.

Economists are looking ahead to Wednesday’s economic data which includes the final reading of first-quarter GDP.

The Dow Jones industrial average .DJI  rose 100 points or 0.69 percent, to close at 14,760.31, the S&P 500 .SPX gained 14.94 points or 0.95 percent, to finish at 1,588.03 and the Nasdaq Composite .IXIC added 27.13 points or 0.82 percent, to close at 3,347.89.


Video Credit: Reuters