The US stock indices climbed on Tuesday supported by the rise in the housing sector.
According to the trades results, Dow Jones Industrial Average index grew by 111.32 points, or by 1.09% to 10296.85.
Standard & Poor\'s 500 index increased by 14.13, or by 1.3%, to 1103.32 points; Nasdaq Composite rose by 18.86 points, or by 0.87%, to 2190.06.
General Electric shares were up by 60 cents, or by 3.7%, to $16.85, as the economically sensitive conglomerate was boosted by the strong data out of the real estate market as well as UPS positive forecast.
The unexpected growth of pending-home sales indicates that the housing market is firmer after sharp swings caused by a government tax credit, while the construction firm D.R. Horton surprised with its first-quarter profit – it has happened for the first time since the crash in this sector - aided by improving business and a tax benefit. Horton\'s shares jumped by $1.30, or by 11%, to $13.21. The securities of other building companies also went up in price, with Lennar climbing by $1.23, or by 8%, to $16.55, and Pulte Homes adding 79 cents, or 7.5%, to $11.35.
Home Depot also got a boost, closing up 64 cents, or by 2.3%, to $29.03.
Investors were also encouraged by an optimistic outlook from UPS (the world\'s largest package shipper), according to which the orders\' volumes and profit are to strengthen this year. UPS shares rose by 23 cents, or by 0.4%, to $58.62.
Best regards,
analyst V. Donin
