NEW YORK (AP) - Investors are relieved today after the stock market reversed its downward trend yesterday.
Encouraging economic figures from Asia and Europe helped stocks advance and break a six-day losing streak for the Dow Jones industrial average.
The Dow climbed 66 points, or 0.4 percent, to close at 14,963.
The S&P 500 index rose 14 points, or 0.9 percent, to 1,656, its best day since Aug. 1.
The Nasdaq composite ended the day up 38 points, or 1.1 percent, at 3,638.
Trading on the Nasdaq was interrupted just after midday yesterday, because of problems with a quote dissemination system. That halted activity on the Nasdaq until shortly before the close of the market. When trading resumed, shares in Nasdaq OMX, which owns and operates the exchange, slumped.
Investors are hoping for some encouraging news on the U.S. housing market today when the Commerce Department releases new home sales data for July.