Dow Adds 19 on Housing News

Markets continue 7th day of wild variations

(NEWSER) - Stocks seesawed today as good economic data on industry and the housing sector drove big early gains, which then fell victim to selloffs in the financial sector, the Wall Street Journal reports.

• The Dow climbed 76.71 points to close at 9,789.44.
• Nasdaq tacked on 4.09 to end at 2,049.20.
• The S&P gained 6.60 and wound up at 1,042.88.

(NEWSER) - Markets were up today on a surging food sector and good data from the manufacturing and housing industries, the Wall Street Journal reports. A key manufacturing activity index jumped from May to June, and an indicator of pending home sales also climbed for the fourth straight month. Amid the gains, the dollar weakened on strong economic recovery news from China. The Dow jumped 57.06 to 8,504.06, the S&P rose 4 to 923.32, and the Nasdaq tacked on 10.68 to end at 1,845.72. More»

(NEWSER) - Markets rallied today on positive news from the retail and housing sectors, the Wall Street Journal reports. Major builders saw stocks go up as much as 15%, leading some to predict an end to the crisis in the housing market. In retail, meanwhile, companies such as Bed Bath and Beyond and Best Buy benefited from the bankruptcies of competitors. The Dow was up 172.54 to 8,472.40. The S&P gained 19.33 to end at 920.27. And NASDAQ tacked on 37.20 to finish at 1,829.54. More»

(NEWSER) - Markets were up today on a strong performance from the volatile financial sector and continued gains for health-care stocks, the Wall Street Journal reports. Investors are confident that President Obama's health reform will be whittled down, leaving room for industry profits. The Dow was up 58.42, to 8,555.60. The S&P rose 7.66 to end at 918.37, and the Nasdaq slipped 0.34 to 1,807.72. More»

(NEWSER) - Markets fell today after the Federal Reserve warned of a more prolonged recession than it previously expected, the Wall Street Journal reports. Financials and tech contributed to the plunge, which even a 6-month high in oil prices could not stop. “We’re just dealing with a stock market that was defying gravity,” a broker said. The Dow was off 52.81 to 8,422.04. The S&P fell 4.66 to 903.47. The Nasdaq lost 6.70, ending at 1,727.84. More»