Good news from a few firms gives Wall Street a big boost
Associated Press
NEW YORK — Investors rushed back into stocks as profits at a handful of companies indicated the economy might be gaining strength.
The day began with better-than-expected earnings reports. Lennar Corp.'s orders for new homes jumped 63 percent during the second quarter and its revenue beat expectations.
And retailers jumped following a report from Bed Bath & Beyond Inc. The home furnishings store said its fiscal first-quarter earnings climbed 14 percent.
