News Column

Market Opens Mixed on Heels of Home Price Survey

September 24, 2013

Associated Press

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NEW YORK (AP) The stock market is opening mixed as traders parse a survey of U.S. home prices and wait for a report on consumer confidence.

The Dow Jones industrial average was down seven points to 15,393 shortly after the market opened Tuesday. The Standard & Poor's 500 index is down two points to 1,700. The Nasdaq is up two points to 3,767.

Home prices rose 12.4 percent in July from a year earlier, according to a Standard & Poor's/Case-Shiller home price index released before trading began. That's the most since February 2006.

Traders are waiting for a report on September's consumer confidence, a key gauge of U.S. economic activity.

Shares of Lennar rose $1.46, or 4 percent, to $36 after the homebuilder said Tuesday that healthy home sales boosted its quarterly profit.

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Original headline: Stock market opens mixed after home price survey

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Source: Copyright 2013 The Associated Press. All rights reserved.

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