Thursday, March 15, 2012

Stocks rise on earnings, economic reports

Stocks rose Tuesday after reports showed wholesale prices climbed for the first time since March and a big jump in industrial production.

A slight improvement in the weak housing market and better-than-expected earnings from Home Depot Inc. and Wal-Mart Stores Inc. also gave investors a reason to buy.

Economic reports in recent months have almost exclusively pointed to slowing growth. Weakening data have led some investors to worry that the U.S. could fall back into recession. The data Tuesday provided a slice of optimism and some reassurance that the economy continues to expand, albeit slowly.

Prices at the wholesale level rose 0.2 percent last …

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