{"id":2591,"date":"2010-12-02T15:25:00","date_gmt":"2010-12-02T15:25:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-continues-to-climb-homebuilder-stocks-rally-on-positive-housing-market-data\/2582\/"},"modified":"2010-12-02T15:25:00","modified_gmt":"2010-12-02T15:25:00","slug":"market-continues-to-climb-homebuilder-stocks-rally-on-positive-housing-market-data","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-continues-to-climb-homebuilder-stocks-rally-on-positive-housing-market-data\/2591\/","title":{"rendered":"Market Continues to Climb, Homebuilder Stocks Rally on Positive Housing Market Data"},"content":{"rendered":"

The U.S. equity market is continuing to rally in mid-day trading, following positive pending home sales data and hopes of an end to the crisis in Europe. All sectors in the S&P 500<\/a> are in green, with the gains being led by the basic materials and capital goods sector.
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Following the big rally on Wednesday, stocks are continuing to soar today, with all three major indexes currently in green. The Dow Jones<\/a> is currently up 0.92% to 11,358.82, the S&P 500 is currently up 1.17% to 1,220.92 and the Nasdaq is currently up 1.10% to 2,577.51. <\/p>\n

Retail stocks are continuing to climb after reporting better-than-expected sales for the month of November. The major gainers in retail sector are Abercrombie & Fitch Co. (NYSE: ANF<\/a>), which is up 10.59% to $55.78, The Buckle Inc. (NYSE: BKE<\/a>), which is up 6.84% to $38.60, and The Wet Seal Inc. (NASDAQ: WTSLA<\/a>), which is up 6.15% to $3.45. <\/p>\n

Homebuilder shares are also rallying after a National Association of Realtors report showed that pending home sales increased a record 10% in the month of October. Among the major gainers in the sector are Lennar Corporation (NYSE: LEN<\/a>), which is up 7.30% to $16.90, KB Home (NYSE: KBH<\/a>), which is up 5.60% to $12.55, and Hovnanian Enterprises Inc. (NYSE: HOV<\/a>), which is up 7.89% to $$.10. <\/p>\n

Related posts:<\/p>\n

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  1. Market Opens Lower-Producer Prices Rose Less than Forecast in October<\/a><\/li>\n
  2. Market Ends on a Mixed Note<\/a><\/li>\n
  3. Market having a Mixed Day<\/a><\/li>\n
  4. Markets Open Higher<\/a><\/li>\n
  5. Stock Futures Point to Higher Opening<\/a><\/li>\n<\/ol>\n
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