Wednesday, 20 April 2016


"It would be overly optimistic to assume it's clear sailing from here," said Alan Gayle, director of asset allocation at RidgeWorth Investments in Atlanta. "The good news has to keep on coming for this market to keep moving higher."

Data on Wednesday showed US home resales rose more than expected in March, pointing to a continued recovery in the housing market, despite signs of sluggish first-quarter economic growth.

The Dow Jones industrial average rose 0.24 percent to end at 18,096.27 points and the S&P 500 gained 0.08 percent to 2,102.4. The S&P earlier traded as high as 2,111 points. The Nasdaq Composite added 0.16 percent to 4,948.13. 

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