U.S.
stocks rose, led by energy companies and small-cap shares, as data
showing improvements in the American economy overshadowed concern over
weaker growth overseas.
The
Standard & Poors 500 Index rose 0.2 percent to 2,052.68 at 4 p.m.
in New York, erasing an earlier loss. The Russell 2000 Index of smaller
companies climbed 1.1 percent.
Purchases
of previously owned U.S. homes unexpectedly rose in October to a
one-year high as low borrowing costs helped sustain the recovery in
residential real estate. Other data showed fewer Americans filed for
unemployment benefits last week as the need to retain staff keeps
firings at the lowest levels in more than a decade.
Copy Source: Bloomberg
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