U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, as better-than-estimated housing data bolstered economic optimism and European shares rebounded amid gains in Italian bonds.
Rising stocks benefit from housing data
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.