(Updated with Treasuries, stock and commodity prices.)



) -- Wall Street warmed back up to stocks Tuesday after eyeing better-than-expected earnings reports and a silver lining in mixed economic data.


Dow Jones Industrial Average

gained 82.07 points, or 0.9%, to 9217.41, while the

S&P 500

tacked on 9.94 points, or 1%, to 989.67. The

Nasdaq Composite

edged up 25.08 points, or 1.3%, to 1955.92.

Gains were broad-based, with the KBW bank, Philadelphia semiconductor and Philadelphia oil service sector indices all up more than 2%. Among financials,

American Express

(AXP) - Get Report

added almost 4.4% after

an upgrade


Retail also found upside after

Home Depot

(HD) - Get Report



(TGT) - Get Report

both topped expectations despite declining profit. Shares were up 2.8% and 7.6%, respectively.

The largest U.S. home-improvement retailer

also increased

its full-year earnings guidance. That comes a day after rival


(LOW) - Get Report

posted disappointing sales and earnings results and forecast third-quarter earnings that fell short of expectations.

The broader rebound comes off a global


on Monday as indicators and earnings gave a mixed picture of the economic recovery.

"Yesterday was a bit of a reality check of people asking what kind of growth are we going to see going forward," says Charles Rotblut, senior market analyst with Zacks Investment Research. Now people are watching to see if yesterday's movement was part of a pullback or more of a blip, he says.

Economic data were again mixed on Tuesday. The Commerce Department said

construction started

on homes and apartments fell unexpectedly by 1% in July to a seasonally adjusted annual rate of 581,000 units, from an upwardly revised rate of 587,000 in June.

Building permits also fell unexpectedly to 560,000 from an upwardly revised 570,000 the month prior, undercutting expectations for growth to 577,000.

But there may be a bit of a silver lining. "Obviously today we are seeing a rebound helped by Home Depot and Target, but I think some people are also noticing that we did have a small increase in single family starts," says Rotblut. "We do have some signs that housing is at least bouncing across the bottom."

As Rotblut points out, single-family authorizations, or permits, increased by 5.8% and single-family housing starts increased by 1.7% in July over June.

Meanwhile, the producer price index, an indication of prices at the wholesale level, decreased by a greater-than-expected 0.9%, although that was half the decrease in June. The core rate, which excludes food and energy, fell 0.1% vs. expectations for growth of about as much, after an increase of 0.5% the month prior.

In other news,


(C) - Get Report

joined other lenders in

reporting lower defaults

on its credit cards. The bank said its credit card charge-off rate slipped to 10.03% in July from 10.51% in June.

Data overseas were also helping to boost the mood as the Zew Center for European Economic Research said its index of investor and analyst expectations in Germany rose to 56.1 from 39.5 in July -- its highest level in three years. Economists were expecting much more modest gain to 45, according to the median forecast in a


survey. That data comes a week after a report showed Germany's economy unexpectedly expanded 0.3% in the second quarter.

Stocks abroad were mostly higher. In Europe, London's FTSE 100 and Frankfurt's Dax added 0.9% each. Japan's Nikkei and Hong Kong's Hang Seng added 0.2% and 0.8%, respectively, during their session.

Commodities were mixed after Monday's pullback. Crude oil futures rose $2.44 to $69.19 a barrel, and gold tacking on $3.40 to $939.20 an ounce.

The dollar was stronger against the yen, and losing ground vs. the pound and euro.

Longer-dated Treasuries were falling in price, rising in yield. The 10-year was down 14/32 to yield 3.52%, while the 30-year lost 20/32, yielding 4.36%.

-- Reported by Elizabeth Trotta in New York.

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