Pursuits
U.S. Stocks Advance as Homebuilders Rally Amid Economic Reports
Should Investors Move to Cash?
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U.S. stocks rose, following last week’s gain in the Standard & Poor’s 500 Index, with homebuilders pacing the advance amid light volume before further clues from the Federal Reserve on the path for interest rates.
The S&P 500 gained 0.5 percent to 2,102.44 at 4 p.m. in New York, climbing above its average price for the past 100 days. The Dow Jones Industrial Average climbed 67.78 points, or 0.4 percent, to 17,545.18. The Nasdaq Composite Index jumped 0.9 percent. About 5.5 billion shares changed hands on U.S. exchanges, 15 percent below the three-month average.