Stocks closed higher on Wall Street Tuesday as investors reviewed solid earnings reports from retailers and an encouraging update on consumer spending. Home Depot rose 5.8% after…
(Newser) – Stocks closed higher on Wall Street Tuesday as investors reviewed solid earnings reports from retailers and an encouraging update on consumer spending. Home Depot rose 5.8% after the home improvement retailer reported surging sales and solid profits last quarter amid a hot housing market, the AP reports. New data also showed Americans sharply increased their spending last month. Technology and health care companies also rose. Communications companies lagged the market. The yield on the 10-year Treasury note rose to 1.64%. The S&P 500 index rose 18.
