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WALL STREET INSIGHT

Key indices may soar if housing data meets expectations

Monday, May 18, 2015 - 05:50

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This week, housing starts, used-home sales and a home-builders' survey are expected to show improvement in April.

US stocks rose last week, and the broad Standard & Poor's 500 closed at a record high as stocks finally broke out of their 2015 box. What is more, the major indices could take flight this week if housing data lives up to expectations of a strong spring selling season.

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