mostlycloudy
Wednesday July 1st, 2015 11:40PM

Stocks eke out modest gains; S&P 500 shy of record

By The Associated Press
NEW YORK - The stock market closed slightly higher as investors responded to an increase in new home sales and earnings gains at major retailers.

Indexes wavered between small gains and losses for much of the day Wednesday.

The Standard & Poor's 500 index edged up a fraction to close at 1,845, three points below the record high close it set six weeks ago.

The Dow Jones industrial average rose 18 points, or 0.1 percent, to 16,198. The Nasdaq composite climbed four points, or 0.1 percent, to 4,292.

Lennar rose 4 percent and PulteGroup rose 3 percent after the government reported sales of new homes increased jumped last month at the fastest pace in more than five years.

Lowe's climbed 5 percent after the home improvement retailer reported higher earnings.
  • Associated Categories: Homepage, Business News
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
US stocks post sixth straight year of gains
U.S. stocks ended a strong 2014 with moderate declines Wednesday.
4:43PM ( 6 months ago )
Palestinians push ahead in pursuit of war crimes charges against Israel
Stung by a resounding defeat in the U.N. Security Council, the Palestinians announced Wednesday that they joined the International Criminal Court to pursue war crimes charges against Israel.
1:57PM ( 6 months ago )
Business News
US probes possible collusion among airlines to keep fares up
WASHINGTON (AP) — The U.S. government is investigating possible collusion among major airlines to limit available seats, which keeps airfares high, according to a document obtained by The Associated P...
11:32PM ( 7 minutes ago )
GSP: No charges in E. Hall ice cream truck accident
No charges will be filed after a little boy was struck by a vehicle passing an ice cream truck earlier this week in the East Hall area.
6:09PM ( 5 hours ago )
New Exec Director named for Good News Clinics
Good News Clinics has named Allison Borchert, RN, as new Executive Director to replace outgoing Executive Director Cheryl Christian, according to an announcement by GNC Board of Directors President Richard Bennett, DMD.
By Staff
5:25PM ( 6 hours ago )
Stone Mountain Park official: Rebel flags must fly under law
Confederate flags will continue flying at Stone Mountain Park near Atlanta because Georgia law prevents their removal, the head of a state authority that oversees the park said Wednesday.
By Associated Press
4:41PM ( 6 hours ago )
Hall County native named Ga. DOT Area Engineer
The Georgia Department of Transportation has appointed a Hall County native, Shannon Giles, as Area Engineer serving Barrow, Clarke, Jackson, Oconee and Walton counties.
By Staff
4:10PM ( 7 hours ago )