US STOCKS-Wall St climbs after three-day slump; housing data on tap
* Indexes up: Dow 0.14 pct, S&P 0.15 pct, Nasdaq 0.32 pct
By Chuck Mikolajczak
NEW YORK, Sept 24 (Reuters) - U.S. stocks were higher in early trading on Wednesday, after three sessions of declines and ahead of data on the housing market.
Providing support was a renewed pledge by European Central Bank President Mario Draghi to keep monetary policy loose for an extended period to push inflation in the euro zone closer to the targeted two percent level.
"Futures are up, it may have been reacting more to the rise in Europe - Draghi came out and said he is going to do whatever is necessary" regarding Quantitative Easing, said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
"That lift from Europe is transferring over here."
The Dow Jones industrial average was rising 23.25 points, or 0.14 percent, to 17,079.12, the S&P 500 was gaining 2.91 points, or 0.15 percent, to 1,985.68 and the Nasdaq Composite was adding 14.21 points, or 0.32 percent, to 4,522.90.
Bed, Bath & Beyond shares were trading up 5.5 percent to $66.11 as the best performer on the S&P 500 after the home furnishings retailer reported better-than-expected quarterly revenue as discounts and promotions lured more shoppers.
New home sales data for August is due at 10:00 a.m. (1400 GMT). Sales of single-family homes are expected to increase to 430,000 from 412,000 in July. Continuación...