US stocks rise on economic data, Apple offering.
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.
Muscat Press and Publishing House SAOC 2013
Provided by Syndigate.info an Albawaba.com company
|Printer friendly Cite/link Email Feedback|
|Publication:||Times of Oman (Muscat, Oman)|
|Date:||May 1, 2013|
|Previous Article:||Yahoo! chief Mayer paid $36.6 mn for six months' work.|
|Next Article:||Oil prices slide after poor US, Europe data.|