US STOCKS-Wall Street up on data, mixed earnings

martes 22 de julio de 2014 11:14 GYT

* EU threatens Russia with more sanctions, but words ring hollow

* Market active with busy earnings, economic calendar

* Indexes up: Dow 0.5 pct, S&P 0.6 pct, Nasdaq 0.9 pct (Updates prices, adds comment, earnings details)

By Rodrigo Campos

NEW YORK, July 22 (Reuters) - U.S. stocks rose on Tuesday as inflation data was seen keeping the Federal Reserve in an equities-friendly tone, while hopes rose for an easing of tensions in Ukraine.

Mixed earnings have been pouring in since Monday's closing bell, allowing the positive bent to spread. U.S. consumer prices rose in June as the cost of gasoline surged, but the overall trend continued to point to a gradual build-up of inflationary pressures - allowing the Federal Reserve to continue to slowly take the foot off the stimulus pedal.

An index of homebuilder stocks rose 1.3 percent after separate data showed U.S. home resales rose in June at their fastest pace in eight months.

"Evidence of inflationary fear is not there. For the most part, the market is riding high on the earnings and ignoring the geopolitical message," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.

Pro-Russian rebels agreed to hand over the black boxes from the Malaysian plane shot down last week near the Ukraine-Russia border and the Malaysian government announced it also negotiated the release of the remains of nearly 300 victims.   Continuación...