Markets Are Blasting Higher

Google FinanceStocks are staging a big rally early in the U.S. trading session.

The S&P 500 is at 1,669, up 19 points or 1.2%

This ends a three-day losing streak.

Earlier today, we learned that U.S. home prices jumped 10.9% year-over-year in March, beating expectations.  This was the fastest pace of price gains since April 2006.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.