US home sales rose in January 2012 : The National Association of Realtors reported that, existing home sales in the US rose 4.3% to an annual rate of 4.57 million in January, following a downwardly revised rate of 4.38 million recorded in December.
Market had expected sales to increase by 1.1% to an annual rate of 4.66 million in January from a reading of 4.61 million originally reported for the previous month. For the latest updates on the stock market, visit Stock Market Today
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