Gains for Wall Street Amid Positive Home Construction Figures
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iStockphoto/Thinkstock(NEW YORK) — Stocks climbed again on Tuesday, following up Monday’s gains with slightly smaller leaps on Tuesday, propelled by strong residential construction figures released by the U.S. Department of Commerce.
The Dow Jones industrial average closed at 16919.59, up 80.85 from Monday’s close.
The Nasdaq climbed 19.2, up to 4527.51, while the S&P 500 ended the day at 1981.60, up 9.86.
The Commerce Department’s report from July indicated that residential construction was up 15.7 percent from June. Housing permits were awarded at a rate of 7.7 percent higher than July 2013 and 8.1 percent higher than the adjusted rate for June.
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