U.S. stocks gained Tuesday after investors got some encouraging news about home building, inflation and corporate earnings. Investors were encouraged by a bounce in home construction last month and news that consumer prices rose at the slowest pace in five months. Home Depot and TJX, the parent company of T.J. Maxx, Marshalls and other stores, both reported strong earnings.
The Dow Jones industrial average rose 80.85 points, or 0.5 per cent, to 16,919.59.
The Standard & Poor’s 500 index rose 9.86 points, or 0.5 per cent, to close at 1,981.60.
The Nasdaq composite rose 19.20 points, or 0.4 per cent, to 4,527.51.
For the week:
The Dow is up 256.68 points, or 1.5 per cent.
The S&P 500 index is up 26.54 points, or 1.4 per cent.
The Nasdaq is up 62.59 points, or 1.4 per cent
For the year:
The Dow is up 342.93 points, or 2.1 per cent.
The S&P 500 index is up 133.24 points, or 7.2 per cent.
The Nasdaq is up 350.92 points, or 8.4 per cent.