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Jump in housing starts, earnings send stocks up
The latest signs of a rebound in the housing market and a handful of better earnings reports were enough to bring buyers back to the stock market Wednesday. The Dow Jones industrial average rose 69 points to 12,874 in the first 1 ½ hours of trading, overcoming an early deficit of 50 points. [...]
WASHINGTON (AP) – Construction of new homes dipped unexpectedly last month as bad weather hit much of the country. Applications for future projects, however, soared in a sign the industry is ramping up after a debilitating bust. The Commerce Department said Wednesday construction of new homes and apartments fell 4 percent in December to a [...]
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