The Dow Jones industrial average jumped on Wednesday following more evidence that the housing market is recovering. Gains for discount retailers also pushed indexes higher after Dollar Tree posted strong earnings.

The Dow Jones industrial average rose 175.24 points, or 1.3 percent, to 14,075.37.

The Standard & Poor's 500 index rose 19.05 points, also 1.3 percent, to 1,515.99.

The Nasdaq composite index rose 32.61 points, or 1 percent, to 3,162.26

For the week:

The Dow is up 74.80 points, or 0.5 percent.

The S&P 500 is up 0.39 point, or 0.03 percent.

The Nasdaq is up 0.44 point, or 0.01 percent.

For the year:

The Dow is up 971.23 points, or 7.4 percent.

The S&P 500 is up 89.80 or 6.3 percent.

The Nasdaq is up 142.75 or 4.7 percent.