Housing is hot. Consumers are confident: S&P/Case-Shiller reported that housing prices rose a better-than-expected 10.2% during the first quarter.
That was the biggest increase since 2007 and helped boost the entire sector. The SPDR S&P Homebuilders(XHB) ETF gained more than 2% at one point.
Separately, the May reading on consumer confidence hit a five-year high and jumped more than expected.
The Tuesday rally effect: Tuesday seems to be the day for buying in 2013 and today marks the 20th consecutive Tuesday that the Dow has inked gains.
Central bankers keep their foot on the gas:Central bankers, including the Federal Reserve, have been fueling the 2013 rally by buying up government bonds to push down interest rates and entice investors to buy stocks.
Central bankers in Japan and Europe signaled they were prepared to keep pumping money into their respective economies to keep rates low, even amid signs of recovery.