Stocks rise after better-than-expected economic datat

After the open… Stocks rose after the open Tuesday after better-than-expected data on home prices and consumer confidence. This big news of the week will be tomorrow's announcement at the conclusion of the Federal Reserve's Open Market Committee.

Industries trading higher this morning include Biotechnology, Machinery and Electronic Equipment Instruments and Components. Trading lower this morning are  Multiline retail, building products and metals and mining.

The VIX is down 2.43% at 15.65 after closing yesterday at 16.04. Options on Cisco (CSCO) have appeared on the most-active list today with more than 9,000 contracts of the Dec. 23 put changing hands.  NYSE Adv/Dec 2,241/744 Nasdaq Adv/Dec 1,875/557. [InvestorsKeyhole, various news and data sources]

Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

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