|Page (1) of 1 - 03/27/12||email article||print page|
Stocks open higher ahead of consumer confidence report
NEW YORK (AP) ' Stocks opened higher ahead of a report that economists expect will show just how much Americans are feeling squeezed by rising gasoline prices.
The Conference Board is expected to report Tuesday that its consumer confidence index slipped in March, according to data provided by FactSet. The report from the private business group will be released at 10 a.m. Eastern
The Dow Jones industrial average is up 14 points to 13,256. The S&P 500 index is up one point to 1,418. The Nasdaq is up four at 3,126.
Lennar jumped 3 percent after the country's third-biggest housebuilder reported earnings that beat analysts' expectations. Lennar delivered more houses and pulled in more orders. Other housing stocks shot higher. PulteGroup rose 4.2 percent, D.R. Horton 3 percent. .