US stocks rose on Tuesday following news housebuilders were far busier than anticipated in February.
A US government report showed housing starts climbed to almost 600,000 last month, well above analysts' expectations of 450,000 and the biggest month on month percentage increase (22%) in almost 20 years. Home Depot was the related stock to gain the most as a result, climbing more than 6%, but Citi currently has top spot after advancing 7.7%. The financial giant is under fire, however, following reports it is looking for ways "sidestep" new federal caps on compensation. The Dow Jones was up more than 29 points, or 0.41%, to 7,246.68 by 3.20pm GMT. Elsewhere, Alcoa has fallen almost 9%...
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