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SUNDAY, NOVEMBER 22, 2009
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 MARKETS 
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Dow Up 3 as Stocks Stall Ahead of Reports

Investors await consumer confidence, housing, GDP data

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(Newser) – Stocks closed near to opening levels today, with the Dow just barely extending its winning streak into a fifth session, the Wall Street Journal reports. All the indices hit new highs for 2009 early, boosted by housing data, investors pulled back ahead of looming reports on consumer confidence, new home sales, and second-quarter GDP. The Dow closed up 3.32 points at 9,509.28. The Nasdaq sank 2.92 to close at 2,017.98, and the S&P 500 lost .57, closing at 1,025.56.

Traders wear blue jeans as they work on the floor of the New York Stock Exchange Friday, Aug. 21, 2009.
Traders wear blue jeans as they work on the floor of the New York Stock Exchange Friday, Aug. 21, 2009.   (AP Photo/Richard Drew)
Traders work on the floor of the New York Stock Exchange in this undated file photo.
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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As far as I can tell, this pullback is just people taking some money off the table. The market was at some pretty lofty levels and with a lot of data coming in this week, we may need to see that data first if we're going to move higher.
- Frank Lesh, Futurepath Trading

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