<p>Wall Street closed moderately higher as investors dipped back into the market following a recent pullback in stocks.</p><br /><p>Home resales rose in August to their highest rate in more than two years and groundbreaking on new homes also climbed.</p><br /><p>European shares rose modestly after two days of declines, while the yen recovered from a brief decline on the Bank of Japan's decision to ease monetary policy further.</p>