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U.S. Stocks Rise as Home Prices, Consumer Confidence Jump

U.S. stocks rose, with the Dow Jones Industrial Average returning to a record, after data showed consumer confidence climbed to the highest level since 2008 and home values jumped the most in seven years.

Eight out of 10 S&P 500 groups advanced. State Street Corp. added 4.1 percent, pacing gains among financial shares, as Moody’s Investors Service lifted its outlook for the U.S. banking system. Merck & Co. added 1 percent after Jefferies & Co. increased the stock to a buy. Tiffany & Co. increased 4 percent after reporting first-quarter earnings that beat analysts’ estimates.