The stocks of home builders rose. D.R. Horton gained 73 cents, or 3.1 percent, to $24.57. Lennar gained 35 cents, or 0.8 percent, to $41.94. THE BACKDROP: Major stock indexes remain close to all-time highs after advancing in the second quarter amid signs that 4-3-13 best stocks to buy? the U.S.
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Investors sold stocks in January as they worried about the impact of an unusually harsh winter on the economy. Stocks were also propelled higher by a turnaround in some of the riskier parts of the market. Internet, biotechnology and small-company stocks all rebounded after dragging the market lower in March. Company earnings, already at record levels, continued to grind higher. Even an escalating conflict in Iraq that pushed up oil prices in June wasn’t enough to stop stocks from rising.
CANADA STOCKS-Miners lift TSX to highest-ever close
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Stocks End Mixed; S&P Closes Near All-Time High – ABC News
The benchmark index also recorded its fourth straight quarterly advance. These gains have pushed the index near its all-time intraday high that it hit in June 2008. “The TSX has finally caught up to where some of the other markets have been in the past couple of years,” said Philip Petursson, managing director, portfolio advisory group, at Manulife Asset Management. “It does set up for a little bit more enthusiasm for the Canadian market,” he added.