FILE - In this Tuesday, Sept. 25, 2012 file photo, a protester wears glasses with the euro and dollar symbols painted on the lenses before protesting the conservative government's handling of the economic crisis and to demand fresh elections, in Madrid. Many had hoped that 2012 would be the year when the global economy finally regained its vigor, but the three largest economies: The United States, China and Japan struggled, while the 17 countries that use euro endured a third painful year in their financial crisis and slid into recession, and emerging economies slowed. (AP Photo/Paul White, File)
Stocks turn higher following jump in home prices
Published: 02:50:43 PM, Tue 05 February 2013 UTC
NEW YORK (AP) — Stocks are turning higher in early trading on Wall Street following a spike in home prices and strong earnings reports from Kellogg and other U.S. companies.
The upturn comes a day after the stock market had its worst day of the year.
The Dow Jones industrial average rose 83 points to 13,963 shortly after the opening bell Tuesday. It fell 129 points the day before.
The Standard & Poor's 500 index rose nine points to 1,505 and the Nasdaq composite index rose 11 to 3,142.
Home prices jumped by the most in 6½ years in December, thanks to a low supply of available homes and rising demand.
Kellogg, which makes Froot Loops, Eggo waffles and Pop Tarts, reported an 18 percent increase in sales. The stock rose 2 percent.
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