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FRIDAY, NOVEMBER 27, 2009
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 MARKET OPEN 
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Stocks Inch Up as Builders Merge

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(Newser) – Stocks crept higher at the open, as a pair of homebuilders planned a big merger and the government sought to help life insurers. The Dow inched up 25 points, and the S&P 0.6%, while the Nasdaq jumped 1.3%. Centex shares soared 28% on news that it would merge with Pulte Homes to create the world’s largest homebuilder. Concern about earnings still lingered however—Ryder dropped 11% after warning that its earnings would disappoint.

In this March 24, 2009 file photo, traders work on the floor at the New York Stock Exchange in New York.
In this March 24, 2009 file photo, traders work on the floor at the New York Stock Exchange in New York.   (AP Photo/Seth Wenig, file)
Traders work on the floor at the New York Stock Exchange in New York, Thursday, April 2, 2009.
Traders work on the floor at the New York Stock Exchange in New York, Thursday, April 2, 2009.   (AP Photo/Seth Wenig)
A stock trader works at the New York Stock Exchange Monday, March 30, 2009.
A stock trader works at the New York Stock Exchange Monday, March 30, 2009.   (AP Photo/Mark Lennihan)
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TerrifiedCitizen
Apr 8, 09 1:32 PM CDT
So Pulte was a fire sale... that's the same situation their vacant homes are in as well. Reply
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