US stocks rally after upbeat home price data
US stocks scored solid gains Tuesday, lifted by positive data on home prices that offset another decline in consumer confidence.
Stocks came under some pressure in the afternoon after rating agency Egan-Jones downgraded Germany, Briefing.com analysts said.
The Dow Jones Industrial Average was up 33.22 points (0.27 percent) to 12,535.88 in closing trade.
The S&P 500 index advanced 6.40 (0.49 percent) to 1,320.12, while the tech-rich Nasdaq rose 17.90 (0.63 percent) to 2,854.06.
"Stocks are advancing despite disappointing consumer confidence data and an unexpected contraction in regional manufacturing, as well as lingering eurozone uneasiness, ahead of this week's key EU summit," Charles Schwab & Co. analysts said.