Strong U.S. Economy Data Sparks Rally

OH YEAH

Updated Apr. 21, 2017 10:17AM EDT / Published Jun. 25, 2013 12:33PM EDT

Markets rallied on positive economic news released Tuesday after a steep three-day drop. Durable-goods orders, which can range from machinery to aircraft, were up 3.6 percent in May from April, better than forecast. Housing continued its recovery, as the S&P/Case-Schiller index of metropolitan home prices rose 1.7 percent and is up an impressive 12.1 percent from last year. Meanwhile, the Conference Board consumer-confidence index has reached a five-year high. Recovery spring!

Read it at Reuters

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Strong U.S. Economy Data Sparks Rally