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July 25, 2008 10:55:13 PM CDT

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Stocks Edge Up in Balancing Act

Posted Sep 25, 07 3:44 PM CDT in US 

(Newser) – Stocks rose slightly today as retail woes were somewhat offset by August home sales that outperformed expectations, MarketWatch reports. Led by Microsoft, which rode the release of “Halo 3” to a 1.5% jump, the Dow climbed 19.59 to 13,778.65. The S&P dipped 0.52 to 1,517.21, and the Nasdaq closed at 2,683.45, up 15.50.

Home Depot dropped 2.4% and Wal-Mart fell 2.0%. Investors continued to wonder whether the Fed would cut rates again, even as a drop in forecasts for Target and Lowe's spelled new danger. One strategist was particularly surprised by the bad reports from the retailers: It “ignites one of our biggest fears, which is the slowdown of consumer spending."

Source MarketWatch

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Microsoft  • stock market  • S&P 500  • Nasdaq  • Dow Jones  • Wal-Mart  • consumer confidence  • Target  • Home Depot  • Halo 3  • Fed


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