NEW YORK ( TheStreet) -- The major indices clawed back nearly all of their losses from the past week on Tuesday, as better-than-expected pending home sales and construction spending helped investors shrug off recovery doubts triggered by Dubai's debt troubles.
The Dow Jones Industrial Average finished higher by 127 points, or 1.2%, to 10,472. The S&P 500 rose 13 points, or 1.2%, at 1109. The Nasdaq rose 31 points, or 1.5%, to 2176.
Doug Roberts, chief investment strategist at ChannelCapitalResearch.com, noted that Tuesday's advances demonstrate that investors clearly bounced back from the recent angst-ridden days of Dubai debt uncertainty. And with a slate of promising to lukewarm data to churn through Tuesday, "investors chose to look at the positive headlines as opposed to the negative" in pushing up stocks.
In one such headline, October
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