Markets Rally On Housing
December 20, 2011 by Douglas A. McIntyre
Markets moved up at the open with the DJIA higher by over 200 points.
Market leaders included
Sprint-Nextel (NYSE: S), up nearly 5% as the AT&T (NYSE: T) deal with T-Mobile was cancelled.
Alcatel-Lucent (NYSE: ALU) was up 10%.
Nokia (NYSE: NOK) surged 6.5% as it introduced its newest smartphones
MarketWatch commented
– U.S. stocks surged at the open Tuesday, supported by a better Spanish bond auction, data showing an improvement in the German economic outlook and a jump in U.S. housing starts
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