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MARKET SNAPSHOT: U.S. Stocks Rise With Housing Data

By Kate Gibson, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks tallied mild gains Thursday after 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 a bit of steam after the National Association of Realtors reported its index of pending home sales climbed 4.1% in March to a two-year high. Results from PulteGroup Inc. (PHM) also boosted housing-related shares, with the builder reporting less of a quarterly loss than Wall Street expected, its losses narrowing on improving home-sale prices. Of the 51% of the S&P 500 companies that have reported first-quarter results so far, 72.4% have reported earnings above expectations; 11.8% reported earnings in line with expectations and 15.7% reported earnings below estimates, according to Thomson Reuters analyst Greg Harrison. Since 1994, a typical quarter would have 62% of companies beating estimates; 18% matching and 20% missing. Over the past four quarters, 68% beat estimates; 10% matched and 22% missed, Harrison added. The Dow Jones Industrial Average (DJI) rose 40.03 points, or 0.3%, to 13,130.75. The S&P 500 Index (SPX) climbed a fraction to 1,391.10, with telecommunications and consumer discretionary the leading sectors among its 10 major industry groups. Leading gains on the S&P, Citrix Systems (CTXS) rose 10% after the software maker projected 2012 earnings that beat estimates. The Nasdaq Composite (RIXF) rose 2.75 points, or 0.1%, to 3,032.37. Advancers pulled just ahead of decliners on the New York Stock Exchange, where 210 million shares traded by 11:05 a.m. Eastern. Weighing on sentiment, weekly jobless claims came in virtually unchanged.

Stock News for Pulte Homes (PHM)
DateTimeHeadline
04/25/201309:20:18PulteGroup Swings to Profit, But Orders Look Weak
04/16/201316:40:39MARKET SNAPSHOT: Stocks Rebound After Hardest Hit Of 2013
04/15/201320:01:16MARKET SNAPSHOT: U.S. Stocks Lose Most In 5 Months On China
04/15/201315:58:18MARKET SNAPSHOT: U.S. Stocks Caught In Resource Stampede
01/31/201306:10:15MARKET SNAPSHOT: Stock Futures Steady Before Data Crop, MasterCard
01/29/201305:59:44MARKET SNAPSHOT: S&P 500 Snaps 8-session Winning Streak
01/29/201305:56:21MARKET SNAPSHOT: U.S. Stocks Edge Up After Housing Report
01/29/201305:55:38MARKET SNAPSHOT: U.S. Stocks Near Neutral After Housing Report
10/25/201209:03:17U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
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...
07/26/201219:12:14MARKET SNAPSHOT: Pulte, Meritage Results Rally Home Builder Stocks
04/26/201216:10:34US Stocks Climb As Housing Data Outweighs Weak Labor, Europe...
04/26/201211:48:32MARKET SNAPSHOT: U.S. Stocks Up On Earnings, Housing Data
04/26/201211:36:47MARKET SNAPSHOT: U.S. Stocks Rise With Housing Data
04/26/201210:43:55MARKET SNAPSHOT: U.S. Stocks Rise On Technology Revival
04/21/201200:20:37MARKET SNAPSHOT: U.S. Stock Gains Hinge On Apple, Blue-chip Results
08/18/201117:35:10Vice Chairman Timothy Eller Resigns From PulteGroup Board
07/28/201109:50:47Pulte: Debt-Ceiling Debate Isn't Having 'Much Of An Impact'
07/28/201108:16:14Builders PulteGroup, Horton Report Weakened Quarterly Results

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