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MARKET SNAPSHOT: U.S. Stocks Rise On Technology Revival

By Kate Gibson, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks advanced more decisively Thursday after some better-than-expected data on the housing front added to cheer that came with an upbeat forecast from Citrix Systems Inc. After a tepid start, stock indexes picked up steam after the National Association of Realtors reported its index of pending home sales climbed 4.1% in March to a two-year high. Housing-related shares gained, with PulteGroup Inc. (PHM) and Lennar Corp. (LEN) among the top gainers on the S&P 500 (SPX) . The Dow Jones Industrial Average (DJI) rose 53.51 points, or 0.4%, to 13,144.23. The S&P 500 Index climbed nearly 2 points, or 0.1%, to 1,392.66, with telecommunications and technology the leading sectors among its 10 major industry groups. Leading gains on the S&P, Citrix Systems (CTXS) rose nearly 9% after the software maker projected 2012 earnings that beat estimates. The Nasdaq Composite (RIXF) rose 10.69 points, or 0.4%, to 3,040.33. Advancers pulled ahead of decliners by a roughly 5-to-4 ratio on the New York Stock Exchange, where 139 million shares traded by 10:20 a.m. Eastern. Weighing on sentiment, weekly jobless claims came in virtually unchanged.

Stock News for Lennar (LEN)
DateTimeHeadline
01/15/201311:25:12MARKET SNAPSHOT: U.S. Stocks Drop On Earnings Wariness
01/15/201307:30:17Lennar's Net Surges amid Housing Recovery
11/30/201210:02:20BlackRock, Rialto Dump Some of Their 'Skin' in CMBS Game
10/17/201212:52:36U.S. Stocks Roughly Flat as IBM Balances Strong Housing Data
10/02/201214:08:07U.S. Timber REIT Shares Stand Tall In 3rd Quarter on Housing...
09/22/201206:20:32MARKET SNAPSHOT: U.S. Housing Data, Spain In Spotlight Next Week
09/18/201213:22:08N.J. Developer Says Its Chapter 11 Filing Isn't in 'Bad Faith'
09/13/201212:10:08Moody's Boosts Outlook on U.S. Homebuilders to Positive
07/26/201219:12:14MARKET SNAPSHOT: Pulte, Meritage Results Rally Home Builder Stocks
06/29/201209:20:10KB Home Loss Narrows; Deliveries, Orders Gain
06/28/201216:33:23Lennar's Rialto Grows Appetite With Second Distressed-Property...
06/27/201209:10:35U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/26/201216:10:34US Stocks Climb As Housing Data Outweighs Weak Labor, Europe...
04/26/201210:43:55MARKET SNAPSHOT: U.S. Stocks Rise On Technology Revival
03/29/201218:14:28CORRECT: JP Morgan Revives Sales Of Distressed-Commercial-Mortgage...
03/24/201200:20:26MARKET SNAPSHOT: U.S. Stocks Enter Strong Quarter's Home Stretch
01/11/201209:09:45US Stock Futures: HOT STOCKS TO WATCH
07/01/201111:58:53Builder Lennar Bulldozes Unfinished Homes For New Community
06/23/201107:00:05Lennar 2Q Net Slides 65% On Lower Home Deliveries, Flat Orders
06/15/201115:23:19Lennar Wins Judgment Against Famed Felon Barry Minkow

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