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Wall Street ends higher as home sales lift mood


    NEW YORK (Reuters) - Stocks rose on Tuesday as a surge in existing home sales indicated more stabilization in housing and boosted optimism about the economic recovery.

    * The CBOE volatility index , Wall Street's favorite measure of investor fear, fell 4.6 percent to close below 20 for the first time since August 2008.

    * The Dow Jones industrial average was up 50.79 points, or 0.49 percent, to end unofficially at 10,464.93. The Standard & Poor's 500 Index was up 3.97 points, or 0.36 percent, to finish unofficially at 1,118.02. The Nasdaq Composite Index was up 15.01 points, or 0.67 percent, to close unofficially at 2,252.67.

    (Reporting by Edward Krudy; Editing by Jan Paschal)