U.S. stocks rebound from prior day's selloff

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U.S. stocks rebound from prior day's selloff
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- U.S. stocks jumped higher on Tuesday, with shares of consumer-related companies among the best performers after economic reports illustrated a healthy ending last year for U.S. home prices. "Since most people have their wealth tied up in their home, rising home prices make consumers more confident, more credit worthy and more willing to spend acquired income," Dan Greenhaus, chief global strategist at BTIG LLC, noted in an email. After losing 216.40 points in Monday's session, the Dow Jones Industrial Average on Tuesday rose 84.55 points, or 0.6%, to 13,869.72. The S&P 500 [: spx] added 7.96 points, or 0.5%, to 1,495.81. The Nasdaq Composite climbed 12.77 points, or 0.4%, to 3,129.01.