Strong U.S. Economy Data Sparks Rally

Markets rallied on positive economic news released Tuesday after a steep three-day drop. Durable-goods orders, which can range from machinery to aircraft, were up 3.6 percent in May from April, better than forecast. Housing continued its recovery, as the S&P/Case-Schiller index of metropolitan home prices rose 1.7 percent and is up an impressive 12.1 percent from last year. Meanwhile, the Conference Board consumer-confidence index has reached a five-year high. Recovery spring!