US STOCKS-Wall St moves higher led by tech, strong housing data

martes 23 de agosto de 2016 11:28 GYT
 

* Nasdaq hits a record intraday high

* New single-family home sales unexpectedly rise in July

* Investors await Fed Chair Yellen's Friday speech

* Indexes up: Dow 0.27 pct, S&P 0.39 pct, Nasdaq 0.45 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

Aug 23 (Reuters) - U.S. stock rose on Tuesday, with the Nasdaq hitting a record intraday high, led by technology companies and robust housing market data.

With the U.S. earnings season winding down, investors are also weighing up the prospect 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 have in recent days hinted at the possibility of a hike in the coming months.

The benchmark S&P 500 index is up about 7 percent this year. Its recent run to record highs has been partly supported by expectations that the Fed will continue to keep rates low, as well as some upbeat earnings and economic news.   Continuación...