Tuesday's Bloomberg Market Report

By: Deborah Kostroun Email
By: Deborah Kostroun Email
  • DJ Industrials: Up 452.29 to 14,719.46
  • S&P 500: Up 16.28 to 1,578.78
  • NASDAQ: Up 35.78 to 3,269.33

Here are the headlines from Tuesday's Bloomberg Market Report.

In a sign the housing recovery is on solid ground, sales of new homes rose in March. The increase helped the industry finish the strongest quarter since 2008. Cheaper borrowing costs helped fuel the increase in purchases.

Long delays at airports in the wake of recent air traffic controller furloughs have leaders of both parties calling for action. The forced unpaid days off are a result of automatic budget cuts. Some legislators have said that raises serious safety and operational issues that should spark Congress to approve legislation to reverse the cut.

Stocks briefly sank in the seconds after the Associated Press tweeted a false report that the White House had been bombed. The Dow and S&P each fell about one percent before recovering after the AP said the report was fake and its Twitter account had been hacked.

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