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U.S. stocks tick up amid economic data

Xinhua, March 28, 2017 Adjust font size:

U.S. stocks rebounded in the morning session Tuesday as Wall Street digested a batch of economic reports.

By midday, the Dow Jones Industrial Average rose 98.36 points, or 0.48 percent, to 20,649.34. The S&P 500 increased 12.55 points, or 0.54 percent, to 2,354.14. The Nasdaq Composite Index added 21.36 points, or 0.37 percent, to 5,864.74.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.9-percent annual gain in January, up from 5.7 percent last month and setting a 31-month high.

The international trade deficit was 64.8 billion U.S. dollars in February, down 4.1 billion dollars from the figure of January, said the U.S. Commerce Department Tuesday.

The Conference Board Consumer Confidence Index came in at 125.6 in March, up from 116.1 in February and well above market consensus.

Meanwhile, investors were still assessing the consequences of the healthcare bill's defeat.

House Republicans pulled their healthcare bill on Friday as they failed to get enough support for it, throwing the future of one of their top legislative priorities into serious doubt.

Analysts said that the failure sparked worries about the outlook for President Donald Trump's other business-friendly plans.

On Monday, U.S. stocks pared part of early losses to close mixed, with the Dow extending its losing streak to an eighth straight day. Enditem