Oil gained to stay above
The Chinese government is trying to restrain surging housing costs with lending and other curbs. But any weakness in sales prompts fears of repercussions for other industries and possible debt problems if developers default on loans.
"There could be concerns about increased risks of a hard landing in the property market," said
"The surge in machinery orders in March suggests that the recovery in business investment remains on track," said Marcel Theliant of Capital Economics in a report.
The S&P 500 gained 7.01 points, or 0.4 percent, to close at 1,877.86. The Dow Jones industrial average rose 44.50 points, or 0.3 percent, to end at 16,491.31. The Nasdaq composite index rose 21.30 points, or 0.5 percent, to finish at 4,090.59.
U.S. crude oil for June delivery was up
In currency markets, the euro rose to
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