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THURSDAY, NOVEMBER 26, 2009
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 MARKETS 
3

Dow Up 4 Despite Strong Housing Data

Gains in durable goods mostly due to defense, aircraft orders

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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.

Traders work on the floor of the New York Stock Exchange in New York in this undated file photo.
Traders work on the floor of the New York Stock Exchange in New York in this undated file photo.   (AP Photo/Seth Wenig)
Christopher Malloy, a trader with Kellogg Capital, works at the New York Stock Exchange, in this undated file photo.
Christopher Malloy, a trader with Kellogg Capital, works at the New York Stock Exchange, in this undated file photo.   (AP Photo/Mark Lennihan)
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3 comments
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Altoecko
Aug 26, 09 4:43 PM CDT
DOW up 4.3, S&P up .012 and NASDAQ down 2.18 to be precise. Reply
Vote up! Vote down!
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IN RESPONSE:
Altoecko
Aug 26, 09 4:46 PM CDT
Oops, S&P up 0.12 not .012.
Vote up! Vote down!
-1
IN RESPONSE:
Toon
Aug 26, 09 5:04 PM CDT
These changes are very different than if the had been down by the same numbers. But psychologically the words up and down are all important to the sheeple who work on Wall Street.
Vote up! Vote down!
+1
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