NEW YORK —
Homebuilders are leading major stock indexes higher at the close of trading. Rupert Murdoch’s News Corp. surged after the media conglomerate said it may split into two companies.
The Dow Jones industrial average rose 32 points to close at 12,535 on Tuesday. The broader Standard & Poor’s 500 index rose six points to 1,320.
PulteGroup, Lennar and other housing stocks climbed after a measure of national home prices rose 1.3 percent in April, the first increase in seven months.
News Corp. jumped 8 percent. The company confirmed that it’s contemplating a breakup into two publicly traded companies.
In other trading, the Nasdaq composite rose 18 points to 2,854.
Nearly two stocks rose for every one that fell on the New York Stock Exchange. Trading volume was thin at 3.3 billion.
Business
Related Photos
-
businessnews.jpg
Discussion
Homebuilders lead stocks up on Wall Street
- Business
-
-
Stocks gain on reassurance from a top Fed official
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
-
Via Christi Health to cut up to 400 positions across state; Pittsburg impact uncertain
Via Christi Health announced Today that it would cut up to 400 positions within its system across the state of Kansas to compensate for financial challenges as a result of declining hospital and physician visits.
-
Apple’s Cook faces Senate questions on taxes
Apple’s CEO is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates.
-
Sprint boosts buyout offer for Clearwire
Sprint Nextel Corp. is offering 14 percent more than before for the stake in wireless data network operator Clearwire Corp. it does not already own, but a large shareholder said the offer was still inadequate.
-
Growers making up for lost time in planting corn
Corn growers across the Midwest have made up for lost time in a big way from a slow start to planting season after a waterlogged spring.
-
Stock indexes flip between gains and losses
Stock indexes fluctuated in early trading Tuesday as investors tried to predict the Fed’s next move.
-
Actavis buying Warner Chilcott in $8.5B deal
Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.
-
Sprint boosts buyout offer for Clearwire
Sprint Nextel Corp. has raised its buyout offer for the stake in Clearwire it does not already own by 14 percent.
-
Small company stocks take the limelight
Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street.
-
WPX Energy rises as hedge fund discloses stake
Shares of WPX Energy soared to an all-time high on Monday as a hedge fund disclosed a minority stake in the oil and gas company.
- More Business Headlines
-
Looking for Love? Take the Prague Metro
Crews Race to Find Survivors of Okla. Twister
First Person: Baby Falcons on a New York Bridge
Oklahoma: Images of Devastation, Reunion
Reunited Dad, Son: 'We Just Praise God'
Slow Pokes: Acupuncture Helps Sick Turtles
Moore, Okla. City of Reunions, Tears After Storm
Former IRS Chief: Can't Say How List Happened
Gov. Fallin: Okla. Facing Horrific Disaster
Tim Cook Defends Apple's Tax Accounting
AP Photograher: 'It Was a Miracle' They Got Out
Raw: Crews Search for Survivors of Okla. Tornado
Raw: Tearful Reunion After Okla. Tornado
OKC Hospital Describes Treating Tornado Wounded
Obama Pledges Urgent Aid for Tornado Victims
Raw: Massive Funnel Clouds in Oklahoma
