The stock market rose on Tuesday as upbeat housing market data and strong earnings from Home Depot, one of the 30 companies in the Dow Jones industrial average, overshadowed any lingering worries about the conflict in Ukraine.
The Dow rose 80.85 points, or 0.48 percent, to 16,919.59, according to preliminary figures. The Standard & Poor's 500-stock index gained 9.86 points, or 0.50 percent, to 1,981.60. The Nasdaq composite index added 19.20 points, or 0.43 percent, to 4,527.51.
Shares of Apple drew investors' attention after they returned to a triple-digit price, hitting $100 for the first time since the company's seven-for-one stock split in June. Apple's stock, which rose 1.4 percent in heavy volume to $100.53, contributed to much of the gains in both the S.&P. 500 and the Nasdaq.
Consumer discretionary shares helped lead the advances in the S.&P. as a string of positive earnings reports lifted the stocks of major retailers. Home Depot rose 5.6 percent to $88.23 after beating Wall Street's earnings expectations and was the Dow's best performer.
Interactive Feature | Standard & Poor's 500-Stock Index
The S.&P. 500 retail index climbed 1.9 percent. The index is up nearly 6 percent for the month so far.
Encouraging data on the economic front provided another boost for the stock market. Housing starts posted their strongest rebound in eight months in July, topping expectations and adding another data point to suggest optimism is returning among homebuilders.
That helped investors gain confidence in the face of continuing tensions along the Ukraine-Russia border. The standoff there has been a source of anxiety in markets for weeks.
"The market has enjoyed a retreat from geopolitical tensions, and we're seeing sectors that we were concerned about lagging, like housing and consumer discretionary, gaining, which is positive," said Quincy Krosby, market strategist at Prudential Financial.
"It's all reflective of a view that the economy, despite some of the weaker or mixed data, is continuing to gain momentum," Ms. Krosby said.
Quarterly results sent the shares of the discount retailer TJX up 8.7 percent to $58.56 and the stock of the teen-oriented chain Urban Outfitters up 4.5 percent to $38.59.
Dick's Sporting Goods advanced 1.6 percent to $44.21 after its results topped forecasts.
In contrast to retailers' overall strength, shares of Elizabeth Arden sank 23.3 percent to $15.05 after the company reported the biggest quarterly loss in its history because of a steeper-than-anticipated drop in sales of celebrity perfumes.
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