Closure of Wall Street: Nasdaq 1.83% Dow Jones +1.5%

Wall Street was progressing clearly on Monday with the news of fusions and acquisitions, particularly the deal AT & T / T-Mobile. The operators does not become alarmed over the nuclear crisis in Japan. The offensive line in Libya by Western forces in turn stimulated crude prices toward $ 102 a barrel on the Nymex U.S.. The DJIA climbed by 1.5% closing at 12,037 points, while the Nasdaq jumped 1.83% to 2692 pts.

According to the American National Association of Realtors on Monday, sales of existing homes in the U.S. for February 2011 have settled in the seasonal variations adjusted rhythm of 4.88 million units, down 9.6% delivered compared to 5.40 million in January 2011 and declining 2.8% compared to February 2010. The consensus was to 5.15 million units in February, after 5.36 million originally estimated in January.

Lawrence Yun, NAR economist, expects a recovery of irregular market, while the accessibility conditions remain favorable to believe. He said sales are limited by tight credit and a significant level of contract cancellations. Yun does not panic and see that the level of sales is still higher by 26% cyclical low last July.

The national median sales price for all types of existing homes in February was $ 156,100, declining 5.2% compared to February 2010. Distress sales have represented 39% of the total last month after 37% in January. The level of cash transactions reached 33% in February, a record.