U.S. stocks rebound on upbeat data

U.S. stocks reversed early losses to end higher Tuesday, with the Dow Jones Industrial snapping an eight-day losing streak, as investors digested a batch of positive economic reports.

The Dow Jones Industrial Average rose 150.52 points, or 0.73 percent, to 20,701.50. The S&P 500 increased 16.98 points, or 0.73 percent, to 2,358.57. The Nasdaq Composite Index added 34.77 points, or 0.60 percent, to 5,875.14.

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

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.

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.

Overseas, European equities also rallied Tuesday. German benchmark DAX index at Frankfurt Stock Exchange jumped 1.28 percent, while British benchmark FTSE 100 Index gained 0.68 percent.

In Asia, Tokyo stocks rebounded Tuesday as the yen's depreciation against the U.S. dollar set a positive tone. The 225-issue Nikkei Stock Average added 1.14 percent to 19,202.87 points. Enditem