U.S. stocks resumed
their upward move on Thursday as economic data underscored views U.S. monetary
stimulus will be in place for the foreseeable future and as earnings offered some
upbeat news.
Shares of PulteGroup
Inc jumped after the homebuilder reported results and said a slowdown in new
home orders would be "short-lived." Its shares jumped 7 percent to $17.85
and were the biggest percentage gainer on the S&P 500, while shares of D.R.
Horton Inc rose 2.1 percent to $19.87 and Beazer Homes Inc added 1.5 percent to
$19.41.
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