Pending home sales rebounded in December, rising 1.0% month-over-month, inline with the forecast, and following the downwardly revised 16.4% drop recorded in November.
Compared to last year, sales are up 10.5%. More from Bloomberg...
The Dow Jones Industrial Average rose 111 points (1.1%) to close at 10,297, the S&P 500 Index gained 14 points (1.3%) to 1,103, and the Nasdaq Composite advanced 19 points (0.9%) to 2,190. Crude oil was $2.80 higher at $77.23 per barrel, and the Bloomberg gold spot price rose $9.00 to $1,114.50 per ounce.
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