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Stock market opens mixed after home price survey

Tuesday - 9/24/2013, 11:34am  ET

FILE - In this Tuesday, July 30, 2013, file photo, a realty sign hangs in front of a home for sale in Gilbert, Ariz. Standard & Poor's/Case-Shiller reports on home prices in July on Tuesday, Sept. 24, 2013. (AP Photo/Matt York, File)

NEW YORK (AP) -- The stock market is opening mixed as traders parse a survey of U.S. home prices and wait for a report on consumer confidence.

The Dow Jones industrial average was down seven points to 15,393 shortly after the market opened Tuesday. The Standard & Poor's 500 index is down two points to 1,700. The Nasdaq is up two points to 3,767.

Home prices rose 12.4 percent in July from a year earlier, according to a Standard & Poor's/Case-Shiller home price index released before trading began. That's the most since February 2006.

Traders are waiting for a report on September's consumer confidence, a key gauge of U.S. economic activity.

Shares of Lennar rose $1.46, or 4 percent, to $36 after the homebuilder said Tuesday that healthy home sales boosted its quarterly profit.

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