Dow Closes Up 300+ Points; Nasdaq and S&P Also End Day Higher - East Idaho News
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Dow Closes Up 300+ Points; Nasdaq and S&P Also End Day Higher

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Getty 120711 WallStreet?  SQUARESPACE CACHEVERSION=1324418903049iStockphoto/Thinkstock(NEW YORK) — Investors had a reason to celebrate Tuesday.  This trading session turned out to be the best in a month.  A hopeful housing report helped, too.
 
The Dow on Tuesday closed up 337 points, back above the 12,000 mark. The Nasdaq gained 81, topping 2,600. The S&P added 36 points on the day.

Tuesday’s rally was a welcome recovery after the Dow dropped 100 points Monday and closed at the lowest level for the month.
 
Meanwhile, a spike in apartment construction was behind a jump in housing starts last month — up 32 percent. Construction of single family homes was up just 2.3 percent.

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