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Stocks rose on Friday, with the SP 500 closing at an all-time high, as sales of new single-family homes rose more than expected in April and the stock of houses on the market hit a 3-1/2 year-high. The Dow Jones Industrial Average closed unofficially xx points higher and the Nasdaq rose xx points. In a sign the sputtering housing recovery is poised to regain steam, the Commerce Department said sales increased 6.4 percent to a seasonally adjusted annual rate of 433,000 units, ending two straight months of declines.
|Stocks Jump In New House Sales; S 500 Closes At All-Time High|
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