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.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Original headline: Stock market opens mixed after home price survey
Most Popular Stories
- Chobani Counters Competition With Expanded Lineup
- Jack White Records Songs, Releases Vinyl in Hours
- 420 Pot Holiday Tries To Go Mainstream
- Malaysia, Flight 370 Relatives Talk Financial Help
- GM Boosting China Production Capacity
- Automakers Turn to China to Fuel Sales Growth
- Easter morning delivery for space station
- Delay in Ferry Evacuation Puzzles Maritime Experts
- Report: Next Iran Nuclear Talks Set for New York
- 'Beige Book' Federal Reserve Survey, April 2014: Full Text