government will report new home sales from April at 10 a.m. ET. Foot Locker ( FL , Fortune 500 ) will report quarterly earnings before the open. 2.
Stocks move higher ahead of Memorial Day holiday – url Yahoo Finance
The upward grind is underscored by the Standard & Poor’s 500 index, which closed above 1,900 for the first time on Friday. The index has eked out a gain of 2.8 percent this year compared with a 16 percent increase over the same period last year. Other major indexes haven’t fared any better. The Dow Jones industrial average and the Nasdaq composite are barely positive for 2014.
S&P 500 closes above 1,900 for first time – US News
Trading volume on Wall Street was the lowest this year, according to FactSet. A report showing a stronger-than-expected rebound in U.S. new-home sales boosted sentiment, and Hewlett-Packard Co. and GameStop Corp. surged after their quarterly earnings reports to lead the S&P 500.
U.S. stocks rise; S&P 500 hits 1,900 – Market Snapshot – MarketWatch
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