Dow Up 4 Despite Strong Housing Data

Gains in durable goods mostly due to defense, aircraft orders
By Nick McMaster,  Newser Staff
Posted Aug 26, 2009 3:33 PM CDT
Traders work on the floor of the New York Stock Exchange in New York in this undated file photo.   (AP Photo/Seth Wenig)
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(Newser) – Stocks barely eked out gains today, as positive reports on housing and durable goods orders failed to excite investors, the Wall Street Journal reports. New-home sales rose 9.6% in July, beating expectations, while inventories dropped to the lowest level since April 2007. The Dow closed up 4 points at 9,544. The Nasdaq and S&P 500 were flat, closing at their opening values of 2,024 and 1,028, respectively.