NEW YORK (AP) — Stocks surged in early trading following a three-day weekend after U.S. home prices rose the most in seven years.

Home prices in the U.S. rose 10.9 percent in March, the most since April 2006, according to the Standard & Poor's/Case-Shiller home price index. Home builder stocks rose following the report.

Stocks extended their gains after consumer confidence rose in May to its highest level in five years.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Retirement Trends