U.S. stocks regain momentum

Date: Tuesday, December 1, 2009

U.S. stocks regain momentum

U.S. stocks rise as reports on construction spending and pending home
sales beat expectations and concerns about the Dubai World debt crisis
ease.

GOLD APPROACHES $1,200 AS DOLLAR WEAKENS

Gold futures climb to a record near $1,200 an ounce on Tuesday, as the
dollar weakens and rebounding appetite for risk draws buyers into the
precious-metals market.

OIL RISES ON DUBAI RELIEF, CHINA DATA

Oil futures rise for a second session, topping $78 a barrel as worries over
Dubai's debt woes eased and as data showed China's manufacturing
activity expanded at the fastest pace since 2004.

PENDING HOME SALES RISE FOR 9TH MONTH IN A ROW

Signed sales contracts on existing homes in the United States rose for the
ninth straight month in October, a real estate industry group reports.

U.S. CONSTRUCTION SPENDING FLAT IN OCT.

Spending on U.S. construction projects was flat in October and revised
data now indicate that spending has not risen since April, says the
government.