Wall Street Rebounds with Positive Housing Market Data

In a surprising turn of events, major U.S. stock indexes shifted from early session losses to gains on Thursday. This change came as investors digested a new report indicating a 4.2% increase in existing home sales for February, compared to the previous month.

By 12:10 pm ET, the Dow Jones had climbed 0.31%, adding 131 points. Similarly, the S&P 500 saw a modest increase of 0.11%, while the Nasdaq 100 remained stable.

On the currency front, the euro depreciated by 0.54% against the dollar, trading at $1.08440 at the same time.