WINDERMERE, Fla. (Stockpickr) -- Stocks are soaring today after investors cheered some better-than-expected U.S. housing numbers and uplifting economic news out of the troubled eurozone.
At last check, the Dow Jones Industrial Average was soaring by a whopping 280 points and the S&P 500 was up over 30 points. The tech-heavy Nasdaq was spiking higher by over 70 points.
The Commerce Department released better-than-expected housing starts in November that showed a 9.3% jump to 685,000, up from the revised October estimate of 627,000 and better than the Wall Street forecast of 630,000 from economists surveyed by Thomson Reuters.
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