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US stocks rally on a surge in home sales

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BS Reporter Mumbai
Last Updated : Jan 20 2013 | 12:26 AM IST

The US stocks rose on a surge in existing home sales in November at the fastest rate since February 2007, indicating stabilization in the housing sector.
 
The Dow Jones ended at 10,464, stronger by 50 points, Nasdaq closed at 2,252, higher by 15 points and the S&P 500 touched another 14-month high to close at 1,118, up three points.

The Indian ADRs ended mixed.
 
ICICI Bank strengthened by $1.4 or 4% at $36, Sterlite closed at $17, higher by $0.2 or 1.4% and Infosys emerged stronger by $0.3 or 0.6% at $54.

Wipro (ended at $21, weaker by $0.1 or 0.4%) and Patni Computers (shed 0.4% at $19) were the exceptions.

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First Published: Dec 23 2009 | 8:08 AM IST

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