Stocks are holding up well this morning following U.S. economic data points that were more or less in line with expectations. The Conference Board’s announcement this morning that consumer confidence rose again in December, to 52.9, was just a hair under the 53 reading that analysts had been expecting.
The S&P Case Shiller Home Price Index, meantime, showed home prices in October fell 7.3% in the top 20 cities, compared to the year-earlier period. That was about in line with expectations, and a slower decline than September’s revised 9.27% drop. Prices were about flat with September.
The Dow rose 30.38 points to 10,577.46, while the S&P 500 was up 1.9 points to 1,129.73.
Home builder stocks were mostly in decline, with Pulte Homes (PHM) falling 10 cents, or 1%, to $9.77 and Toll Brothers (TOL) off 25 cents, or 1.3%, to $18.73.
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