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Stocks Inch Up as Builders Merge

By Kevin Spak, Newser Staff

Posted Apr 8, 2009 8:44 AM CDT

(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. (AP Photo/Seth Wenig, file)

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. (AP Photo/Mark Lennihan)

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Stocks Inch Up as Builders Merge

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More Newser Stories

Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

Google Earnings Disappoint

Shares plunge after rare miss on analysts' estimates

Facebook Employees Dreaming of IPO Christmas

Rumor mill heats up that company is going public soon

Goldman Posts $428M Loss

It's the second time it's ever lost money as a public company

Stocks Open Down on Gloomy Germany News

Dow down 105 points at open

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Stocks Inch Up as Builders Merge

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OTHER STORIES ON OUR RADAR

stocks • earnings reports • homebuilders

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

Google Earnings Disappoint

Shares plunge after rare miss on analysts' estimates

Facebook Employees Dreaming of IPO Christmas

Rumor mill heats up that company is going public soon

Goldman Posts $428M Loss

It's the second time it's ever lost money as a public company

Stocks Open Down on Gloomy Germany News

Dow down 105 points at open

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?