Mid-day Stock Market Roundup: Stocks Rise on Consumer Confidence Report

Brittney Barrett |

Stocks were climbing at midday on the news that consumer confidence declined less than some analysts had believed.



In morning trading, Home Depot Inc. was a big winner, rising 2.7 percent, more than any other company on the Dow Jones. Today, the company announced their intention to purchase $1 billion of its own stock.

Stocks stayed low in early morning trading Tuesday following a report indicating a drop in home prices in 19 of the 20 major American cities. Consumer confidence was also down for the month of February according to a Conference Board report, but the levels of decline were more moderate than expected.

At midday, the Dow is up 55 points, or 0.4 percent, to 12,252 while the Nadaq is 18 points or 0.6 percent higher at 2,748. The S&P 500 index is up 5 to 1,314.

 

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Symbol Name Price Change % Volume
SCE.PRC Southern California Edison Co n/a n/a n/a 0

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