Wall Street Addict

Wall Street rose moderately in early trading Tuesday ahead of a report expected to show that new home sales fell in May from the previous month.
In addition, the Conference Board will issue its June consumer confidence index, and investors are expecting the report to indicate a decline.
Investors, who on Monday sent shares lower amid continued nervousness about the subprime lending market, are waiting for a number of economic reports due out this week. However, trading is expected to be erratic ahead of Thursday's Federal Reserve rate decision, where central bankers are widely expected to keep the benchmark rate steady at 5.25 percent.
In the first minutes of trading, the Dow Jones industrial average rose 29.10, or 0.22 percent, to 13,381.15.
Wall Street appeared unfazed by the Standard & Poor's home price index for April, which declined for the 17th consecutive month to the lowest level since 1991.
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Labels: Consumer Confidence Index, Federal Reserve, Home Sales, Wall Street