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Stocks up, Dow at a new perch

NEW YORK, May 28 (UPI) — Favorable economic data pushed U.S. stocks higher Tuesday, sending the Dow Jones industrial average to a new closing high.

The S&P/Case-Shiller home price report said home prices were up more than 10 percent in the first quarter compared with the same quarter of 2012. Consumer confidence also rose for the second consecutive month in May, the Conference Board said.

The DJIA closed with a gain of 106.29 points or 0.69 percent to 15,409.39. Besides hitting a record close, it was the 20th consecutive Tuesday the Dow has made headway,

The Nasdaq added 29.74 points, 0.86 percent to 3,488.89.

The Standard & Poor’s 500 gained 10.46 points, 0.63 percent, to 1,660.06.

On the New York Stock Exchange, 1,814 issues advanced and 1,294 declined on a volume of 3.4 billion shares traded.

In Britain, the FTSE 100 rose 1.62 percent, adding 107.67 points, to 6,762.01.

In Tokyo, the Nikkei 225 tacked on 169.33 points, or 1.2 percent, to close at 14,311.98.

The 10-year treasury fell 5/32 to yield 2.169 percent.

Crude oil prices added 4 cents to reach $95.05 a barrel on the New York Mercantile Exchange.

On currency markets, the euro fell to $1.2852 compared to $1.2855 on Friday. Against the yen, the dollar was lower at 102.28 yen from 102.36 yen.

Copyright 2013 United Press International, Inc. (UPI).

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