US STOCKS-Market gains on homebuilder forecast, China data

Wed Nov 11, 2009 10:25pm GMT
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* Toll Brothers forecasts higher revenue

* Chinese factory output surges to 19-month high

* Fed officials suggest rates will stay low for some time

* Indexes up: Dow 0.4 pct, S&P 0.5 pct, Nasdaq 0.7 pct

* For up-to-the-minute market news, click [STXNEWS/US] (Updates close with 3Com shares up after Hewlett-Packard news, asset manager comment on deal and volume levels)

By Caroline Valetkevitch

NEW YORK, Nov 11 (Reuters) - The Dow and the Standard & Poor's 500 index closed at 13-month highs on Wednesday as an upbeat forecast from a top homebuilder and data from China pointed to a strengthening global economy.

The Dow's advance was its sixth straight as comments from top Federal Reserve officials suggesting low interest rates will stay for some time added to the positive tone.  Continued...

 
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