Jump in pending home sales lifts stocks

Inspired by data from the National Association of Realtors showing that pending home sales climbed for the fifth straight month, Investors bet on an economic recovery and sent stocks higher today. The Dow Jones industrial average climbed 34 points, or 0.36 percent, to 9,320.

Caterpillar (CAT), the world's largest maker of construction equipment, gained 6.1 percent, leading the Dow higher. All told, 16 of the 30 DJIA component stocks climbed.

For more stocks making moves today, be sure to check out BloggingStocks' market wrap-up.
Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.