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Wall Street rises on drop in Housing; The Dow recovered the 15,000 mark

FXstreet.com (San FRancisco) – The US stocks market traded higher on Friday as a decline in the latest new home sales index fueled investors belief that the QE is not as soon as previously expected. In addition, Fed’s James Bullard said on CNBC that the Fed does not have to be “in any hurry” to begin tapering QE in September.

The Dow Jones advanced 46.77 points or 0.31% on Friday to close the week 0.47% down at 15,010.51. The S&P 500 added 6.54 points or 0.39% to finish at 1,663.50; posting 0.46% weekly gains. The Nasdaq climbed 19.08 pts or 0.52% …read more