Wall Street regains its swagger, futures rising

[March 21, 2012]  NEW YORK (AP) -- Stock futures are rising after a rocky start to the week, with the latest housing report expected to show previously occupied home sales are reaching a clip not seen in two years.

Two hours ahead of the market opening, Dow Jones industrial average futures are up 19 points to 13,127 and the broader Standard & Poor's 500 futures are up 2.5 points to 1,402.50. Nasdaq 100 futures are rising 3 points to 2,738.50.

Stocks closed lower Tuesday for only the second time in two weeks as China hinted at a slowdown.

However, reports on the U.S. housing market over the past two days have been encouraging and more of the same is expected Wednesday. The National Association of Realtors releases its report on previously occupied home sales for February at midmorning.

[Associated Press]

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