Indices posted gains on Tuesday. Brands rebounded today from Monday’s loss amid the release of encouraging economic news. New home sales rose in May. Sales jumped 2.1% to an annual rate of 476,000, following an upwardly revised April rate of 466,000. The results exceeded an expected increase to 462,000. Meanwhile, durable goods orders ticked up in May. The Census Bureau said orders of durable manufactured goods climbed 3.6%, after an upwardly revised 3.6% gain in April. Orders discounting transportation edged up 0.7% after rising by an upwardly revised 1.7% in April. Economists were expecting durable goods orders to climb 3% in May and predicted an unchanged result in core orders. In earnings news, Walgreen reported respectable quarterly data. Adjusted fiscal 2013 third-quarter net earnings increased 29.3 percent to $812 million, from earnings of $628 million in the same quarter last year. Elsewhere, consumer confidence stepped up this month. The Conference Board’s index registered a reading of 81.4 for June. Up from a downwardly revised 74.3 in May, economists were expecting a reading of 75.4.
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