US stocks rose solidly on Tuesday, partially recovering from recent steep declines as strong data pointed to improvements in the economy. Equities were volatile for much of the session, as the data initially raised concerns about central bank stimulus, but analysts said a rebound was due coming off a large drop in Monday's session, which itself followed the worst week for the S&P 500 since April.
Data on durable goods orders and new home sales in May, and consumer confidence in June, all topped analysts' expectations. The April Case/Shiller report on home prices also was above forecasts. Housing stocks were among the strongest of the day. The stock rose 1 percent to $35.34 while peer homebuilder PulteGroup Inc was up 3.9 percent at $19.02. The PHLX housing sector index climbed 1.7 percent. The Dow Jones industrial average was up 95.22 points, or 0.65 percent, at 14,754.78. The Standard & Poor's 500 Index was up 11.58 points, or 0.74 percent, at 1,584.67. The Nasdaq Composite Index was up 16.45 points, or 0.50 percent, at 3,337.21.