Dow Ends Solid Week Up 32

Indices all up at least 7% for the week
By Nick McMaster,  Newser Staff
Posted Jul 17, 2009 3:17 PM CDT
Trader Anthony Alvarino, right, waits for CIT stock to open on the floor of the New York Stock Exchange Thursday, July 16, 2009.   (AP Photo/Richard Drew)
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(Newser) – Stocks were generally flat today as investors stepped back from a 4-day rally. IBM boosted the Dow, rising 4.3% after reporting strong quarterly profits, the Wall Street Journal reports. GE and Bank of America both trended lower after reporting declining earnings. Housing data showed home construction rose in June, contrary to forecasts. The Dow closed up 32.12 points at 8,743.94. The Nasdaq gained 1.58 to close at 1,886.61, while the S&P 500 sank just 0.36 to 940.38.

  • This week saw strong gains: the Dow rose 7.3%, the Nasdaq climbed 7.4%, and the S&P 500 was up 7%.