US STOCKS-Market climbs on homebuilder forecast, China data

Wed Nov 11, 2009 9:35pm 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 to close)

By Caroline Valetkevitch

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

The Dow also closed at a 13-month high, rising for sixth straight day, with 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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