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Wall Street adds to gains after housing data


    NEW YORK (Reuters) - Stocks extended gains on Friday, sending benchmark indexes up more than 1 percent, as a report on March new home sales suggested some stabilization in the housing market.

    The market built on increases sparked earlier by reassuring corporate results, including a smaller-than-expected loss from struggling Ford Motor Co on Friday and an in-line profit from technology bellwether Microsoft Corp Thursday.

    Sentiment also got a boost from government data that showed durable goods orders fell less than expected in March. The Dow Jones home construction index rose 4 percent.

    The Dow Jones industrial average was up 100.11 points, or 1.26 percent, at 8,057.17. The Standard & Poor's 500 Index rose 11.03 points, or 1.29 percent, at 862.95. The Nasdaq Composite Index gained 22.68 points, or 1.37 percent, at 1,674.89.

    (Reporting by Edward Krudy; editing by Jeffrey Benkoe)