Tuesday, February 05, 2013 9:50 am
Stocks turn higher following jump in home prices
The Associated Press
The upturn comes a day after the stock market had its worst day of the year.
The Dow Jones industrial average rose 83 points to 13,963 shortly after the opening bell Tuesday. It fell 129 points the day before.
The Standard & Poor's 500 index rose nine points to 1,505 and the Nasdaq composite index rose 11 to 3,142.
Home prices jumped by the most in 6 1/2 years in December, thanks to a low supply of available homes and rising demand.
Kellogg, which makes Froot Loops, Eggo waffles and Pop Tarts, reported an 18 percent increase in sales. The stock rose 2 percent.