US STOCKS SNAPSHOT-Housing data, techs drive Wall St higher

NEW YORK, March 17 | Tue Mar 17, 2009 3:23pm EDT

NEW YORK, March 17 (Reuters) - U.S. stocks surged on Tuesday, with the Nasdaq up more than 3 percent, as an unexpected rise in February housing starts and an upbeat broker comment on bellwether Cisco Systems (CSCO.O) gave investors confidence.

* Housing starts jumped 22.2 percent in February, the biggest percentage rise since January 1990. [ID:nN17421065]

* The Dow Jones industrial average .DJI rose 126.64 points, or 1.76 percent, to 7,343.61. The Standard & Poor's 500 Index .SPX gained 18.88 points, or 2.50 percent, to 772.77. The Nasdaq Composite Index .IXIC jumped 45.43 points, or 3.24 percent, to 1,449.45. (Reporting by Rodrigo Campos)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.