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U.S. stocks at 13,557 with mild gains on housing data

Daily newsbrief journal for October 2012, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


U.S. stocks at 13,557 with mild gains on housing data

Postby admin » Wed Oct 17, 2012 3:04 pm

U.S. stocks at 13,557 with mild gains on housing data
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- U.S. stocks on Wednesday finished with mild gains, with the Dow Jones Industrial Average rising for a fourth session in its longest win streak in nearly five weeks, after data had new-home construction hitting a four-year high. "We continue to have one sector that is increasingly positive -- housing -- and today's data proves that out again," said Art Hogan, market strategist at Lazard Capital Markets. The Dow Jones Industrial Average added 5.22 points to 13,557. The S&P 500 index climbed 5.99 points to 1,460.91. The Nasdaq Composite gained 2.95 points to 3,104.12.
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