S&P and Nasdaq Buoyed by Housing Jobs Data
dvanced New York – Standard & Poor’s 500 and Nasdaq on Thursday, building on the best day in eight weeks in the previous session’s data also showed an improvement in waiting for home sales and lower initial jobless claims.
National Association of Realtors said pending sales of previously owned homes rose unexpectedly in July while the decline in initial jobless claims for the second week in a row, although it is still at historically high levels.
The Iraqi National Congress Home Depot (HD.N) gainers in the Dow Jones percentage is higher, climbing 1.9 percent to $ 29.22.
“The housing market is still very difficult, but at least it seems that the achievement of stability,” said Lawrence Glazer, a partner in the management of Mayflower Advisors in Boston. “I think a lot of people think they would’ve been very pessimistic.”
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