Stocks are up early in the trading session. The Standard & Poor’s 500 Index reached 1,593.57, which is above its all-time closing high.
The rally comes as new pending home sales and consumer income numbers were a bit better than expected.
S&P 500 surpasses all-time closing high
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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.
