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Netflix surged 5 percent, leading the S&P 500, after an analyst at Pacific Crest Securities said the stock will likely climb as the company continues to add subscribers. Netflix's database of its members' viewing habits should give it an edge in creating shows and draw more people to sign up for its video-streaming service, the analyst said. Netflix rose $9.82 to $190.61. Housing prices rose in January at the fastest pace since the summer of 2006, before the housing bubble popped. The Standard & Poor's/Case-Shiller index of prices in 20 cities was up 8.1 percent over January 2012. That compared with a 6.8 percent year-over-year increase in the index in December. Prices rose in all 20 cities, led by 23.2 percent in Phoenix and 17.5 percent in San Francisco. The economic reports out Tuesday added to evidence that the economy is slowly improving, and that's what many investors want right now, LeClerc said. Slow growth and continued low inflation mean it could be a long time before the Federal Reserve starts unraveling its bond-buying program and raising interest rates. In the market for U.S. government bonds, the yield on the 10-year Treasury note slipped to 1.91 percent from 1.92 percent late Monday. Among other stocks making big moves Tuesday: Drive-in restaurant chain Sonic jumped 10 percent after reporting that its quarterly earnings more than doubled. Revenue was flat, but Sonic said it expects improvement. Its stock rose $1.14 to $12.87. Supervalu rose after announcing plans to lay off more than 1,000 people, roughly 3 percent of its workforce. The supermarket operator said its recent sale of five grocery chains means it needs fewer workers. Supervalu's stock gained 7 cents, or 1.4 percent, to $5.12. Children's Place Retail Stores sank 3 percent after the company reported weaker quarterly earnings. The retailer also said bad weather would crimp revenue. The company's stock lost $1.48 to $44.51.
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