NEW YORK (AP) ? Encouraging economic reports are sending stock prices higher on Wall Street.
Wages and spending rose in the U.S. last month, and pending home sales hit a three-year high.
The Dow Jones industrial average was up 66 points to 14,779 at noon Eastern time Monday, a gain of 0.4 percent.
The number of Americans who signed contracts to buy homes reached the highest level since April 2010, according to the National Association of Realtors. Back then, a tax credit for buying houses had lifted sales.
The Standard & Poor's 500 rose nine points to 1,591, or 0.6 percent. The S&P is just two points below the record high it reached April 11.
The Nasdaq rose 27 points at 3,305, or 0.8 percent. Apple and Microsoft led the gains in technology stocks.
Source: http://news.yahoo.com/us-stocks-rise-led-technology-companies-155709063.html
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