Stocks were mostly higher this afternoon, as better-than-expected housing numbers helped offset weakening consumer confidence.
Home prices posted their biggest jump in 6 years, but the Conference Board’s monthly Consumer Confidence Index came in far below forecasts.
The mixed economic reports gave investors reason to take a small breather from the recent rally that’s pushed the Dow and S&P 500 near all-time highs.
The Dow Jones Industrial Average gained 0.5%, coming within spitting distance of 14,000, while the S&P 500 added 0.5% and the Nasdaq dipped 0.1%.
“Good numbers are priced in at this point, particularly in housing,” said Joe Saluzzi, co-head of Themis Trading. “Investors really want to see more.”
Read more at CNN MONEY