US STOCKS-Data lift Wall St, S&P hits another record

martes 24 de junio de 2014 12:00 GYT
 

* S&P 500 hits intraday record, continues recent strength

* Vertex soars after clinical trial, Micron up on outlook

* Consumer confidence, new home sales top expectations

* Indexes up: Dow 0.1 pct, S&P 0.2 pct, Nasdaq 0.7 pct (Updates to midday trading)

By Ryan Vlastelica

NEW YORK, June 24 (Reuters) - U.S. stocks rose on Tuesday, boosted by some strong data while the Nasdaq outperformed thanks to gains in technology and biotech shares.

In the latest signs of improving economic conditions, consumer confidence surged more than expected in June, while May new home sales rose more than anticipated. The housing data built on Monday's similarly bullish read on existing home sales, though a report on home prices was below forecasts.

With the day's gains, the S&P hit another intraday record and is on track for its seventh advance over the past eight sessions. While the Dow remains slightly under its intraday record, it is on track for a record close.

Consumer confidence hit its highest level since January 2008 in June, while new home sales jumped 18.6 percent to a six-year high in May. The PHLX Housing index rose 0.8 percent.   Continuación...