Stocks Close Higher As Home Builder's Stocks Swell
New York City -
Stocks closed higher Tuesday with the Dow up 32 points or 0.26% as the average home price rose 1.3% in April. Home builders such as PulteGroup, and Lennar were up as a result of the housing news, which helped pull the Dow up on light trading at 3.3 billion shares for the day.
Lower gas prices and the fact the the economy isn't loosing more jobs also helped buoy the mood for the day despite deep concerns over the European debt crisis which threatens to drag the global economy down.