MARKET SNAPSHOT: U.S. Stocks Rise Further After Home-sales Data

Date : 05/22/2012 @ 10:31AM
Source : Dow Jones News
Stock : Best Buy Co., Inc. (BBY)
Quote : 51.15  0.51 (1.01%) @ 1:04PM

MARKET SNAPSHOT: U.S. Stocks Rise Further After Home-sales Data

Best Buy (NYSE:BBY)
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By Kate Gibson, MarketWatch

U.S. stocks rose Tuesday after an upbeat report on the housing market and consumer-electronics chain Best Buy Co. Inc. (BBY) reported earnings and revenue that beat estimates.

The Dow Jones Industrial Average (DJI) rose 37.08 points to 12,541.56.

The S&P 500 Index (SPX) added 8.2 points to 1,324.22.

The Nasdaq Composite (RIXF) gained 13.19 points to 2,860.40.

The U.S. National Association of Realtors reported existing-home sales rose 3.4% in April.

Keeping sentiment in check, Fitch lowered Japan's long-term foreign currency rating, and the Organization for Economic Co-operation and Development projected global growth would ease to 3.4% in 2012 from 3.6% last year.




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