Summary Box: Stocks climb on upbeat home sales report; Dow extends winning streak to 8 weeks

By AP
Friday, April 23, 2010

Summary Box: Stocks rise as home sales jump

HOME SALES ARE COOKIN’: The stock market got a lift for a second day on stronger news about home sales. The Commerce Department said sales of new homes rose 27 percent last month.

BUILDING MOMENTUM: Homebuilders like Pulte scored big again Friday, continuing their rally this week.

GREAT EIGHT: The Dow Jones industrial average posted its eighth straight weekly gain. That hadn’t happened since a stretch that ended in January 2004.