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WEDNESDAY, NOVEMBER 25, 2009
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Dow Adds 19 on Housing News

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(Newser) – Good news from the housing sector outweighed bank troubles today for Wall Street, the Journal reports. Manufacturer Alcoa tacked on 6%, and a housing-industry group said sales in April made the biggest jump in 8 years. Financials fell after more banks announced plans to pay back TARP loans through stock offerings. The Dow was up 19.43 to 8.740.87. The S&P gained 1.91, ending at 944.78. And the Nasdaq rose 8.12 to 1,836.80.

Traders gather on the floor of the New York Stock Exchange.
Traders gather on the floor of the New York Stock Exchange.   (AP Photo)
A trader works the floor of the New York Stock Exchange.
A trader works the floor of the New York Stock Exchange.   (AP Photo)
Alcoa chairman and CEO Alain Belda.
Alcoa chairman and CEO Alain Belda.   (AP Photo)
The sign for a subdivision of new homes shows houses sold and sales pending in Happy Valley, Ore.
The sign for a subdivision of new homes shows houses sold and sales pending in Happy Valley, Ore.   (AP Photo)
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The real question now is whether the market has the ability to sustain an up move. What's tempering things are concerns about commercial real estate and consumer debt. We know those things are lurking out there. - Harold Lavender, futures trader

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