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US stocks rise on economic data, Apple offering.

Summary: US stocks rose Tuesday amid solid reports on housing and consumer confidence and as a ...

US stocks rose Tuesday amid solid reports on housing and consumer confidence and as a large bond offering by Apple cheered investors. At the closing bell, the Dow Jones Industrial Average rose 16.82 (0.11 percent) to 14,835.57 The broad-based S&P 500 picked up 3.66 (0.23 percent) at 1,597.27, a new all-time closing high. The tech-rich Nasdaq Composite Index added 21.77 (0.66 percent) at 3,328.79. The monthly Case-Shiller index of city housing prices showed that prices rose a seasonally adjusted 1.2 percent in the 20 biggest urban markets, a fresh sign of recovery in the housing market. Investors were also heartened by a rise in April consumer confidence to 68.1 points from a revised 61.9 in March. Apple's reported $17 billion bond offering, one of the largest ever for a US company, generated heavy buying interest. Apple shares gained 3.0 percent.

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Publication:Times of Oman (Muscat, Oman)
Date:May 1, 2013
Words:188
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