US STOCKS-Wall St edges higher on tech, housing boost

martes 23 de agosto de 2016 16:14 GYT
 

* Nasdaq touches record intraday high

* New single-family home sales unexpectedly rise in July

* Investors await Fed Chair Yellen's Friday speech

* Indexes up: Dow 0.1 pct, S&P 0.2 pct, Nasdaq 0.3 pct (Updates to market close)

By Chuck Mikolajczak

Aug 23 (Reuters) - U.S. stocks rose modestly on Tuesday, as gains in the tech sector helped buoy the Nasdaq to a record intraday high and solid housing market data provided more evidence the economy may be picking up momentum.

With the U.S. earnings season winding down, investors are also turning their focus to the likelihood of an interest rate hike in the coming months.

Federal Reserve Chair Janet Yellen's speech on Friday at Jackson Hole will be scrutinized for clues on the timing of a rate hike, especially after some Fed policymakers in recent days hinted at the possibility of a hike in the near-term.

The meeting, which includes central bankers from across the world, will begin on Thursday and has traditionally been a platform for the Fed to signal the direction of monetary policy.   Continuación...