Wall Street ended higher Wednesday, ending a series of four sessions of declines, the decline in the S & P to a key threshold that led to redemptions, which offset the cheap statistics once again disappointing.
The Dow Jones 30 industrials gained 0.2% to 10,060.06 points.The S & P 500 is broader, took 0.33% to 1055.33 points while the Nasdaq Composite Index advanced 0.84% on his side to 2141.54 points.
Home sales in the nine tumbled 12.4% in July, while new orders for durable goods rose less than expected.
On Tuesday, the National Association of Realtors (NAR) had reported a sharp decline, more than two times higher than expected, sales of existing homes in July.
"Overall, the market remains very cautious," said Quincy Krosby, market analyst at Prudential Financial.
"Until we get not a set of data strongly positive, this market will remain vulnerable," he adds.
The banks, which are exposed to the housing market, ended in the red for the fifth straight session. The KBW bank index fell briefly in session at 42.70, its lowest level since the beginning of the year, closing a decline of 0.41%.
THE HEALTH SECTOR KICKBACK
The S & P, however, found support at around 1,040 points, a threshold closely watched by analysts.
"At one level as 1040, that many people watching, there is a rebound," said Paul Hickey, co-founder of Bespoke Investment Group.
The health sector, which is less sensitive to shocks to the economy has outperformed the rest of the market.Coventry Health Care has gained 4.53% to 20.17 dollars and Sector Index S & P closed up 0.95% after dropping 2.0% yesterday.
Among other values, the specialist in luxury properties and Toll Brothers apparel retailer American Eagle Outfitters rose sharply after publishing quarterly results.
Toll Brothers finished up 5.8% to 17.13 dollars while American Eagle Outfitters has gained 7.92% to 13.48 dollars.
Conversely, the energy values have weighed on the S & P 500, the groups feared that coal power plants abandon coal for natural gas in response to lower gas prices.
Massey Energy has lost 3.38% to 29.14 dollars and Arch Coal sold 1.92% to 21.98 dollars.
- European markets up slightly, Paris is 0.26%
- Wall Street welcomed the decision of the Bank of Japan
- Raw materials weigh on Wall Street, the Dow gained 0.18%
- RWE publishes nine months results below expectations
- Wall Street ended virtually unchanged