Dow Adds 19 on Housing News

By Harry Kimball,  Newser Staff
Posted Jun 2, 2009 3:14 PM CDT
Dow Adds 19 on Housing News
Traders gather on the floor of the New York Stock Exchange.   (AP Photo)

(Newser) – Good news from the housing sector outweighed bank troubles today for Wall Street, the Journal reports. Manufacturer Alcoa tacked on 6%, and a housing-industry group said sales in April made the biggest jump in 8 years. Financials fell after more banks announced plans to pay back TARP loans through stock offerings. The Dow was up 19.43 to 8.740.87. The S&P gained 1.91, ending at 944.78. And the Nasdaq rose 8.12 to 1,836.80. (Read more housing sector stories.)

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