New Home Sales Boost Stocks!

Despite the specter of the Fed raising interest rates next month looming over markets, Standard & Poor's futures managed to lean forward as the starter's gun began this morning's race.  Fed Funds Future showed a 30% chance of a June rate hike and oil futures sold at over $48.00 per barrel, yet stocks soldiered ahead.Buoyed by the highest new home sales in six and a half year, the Dow gained 213 points.