honoluluadvertiser.com
Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser
Stocks end slightly up despite drop in home sales | The Honolulu Advertiser | Hawaii's Newspaper

Updated at 11:16 a.m., Thursday, September 27, 2007

Stocks end slightly up despite drop in home sales

Associated Press

Stocks rose modestly as investors took a grim reading on home sales in stride. The Commerce Department's report that new home sales plummeted 8.3 percent last month did not bode well for the housing market, but it raised Wall Street's hopes that the Federal Reserve will cut interest rates again in October. Meanwhile, the Labor Department said unemployment claims fell last week, a good sign for the job market.

  • The Dow Jones industrial average rose 34.79, or 0.25 percent, to 13,912.94.

  • The Standard & Poor's 500 index rose 5.96, or 0.39 percent, to 1,531.38.

  • The Nasdaq composite index rose 10.56, or 0.39 percent, to 2,709.59.

    For the week:

  • The Dow is up 83.75, or 0.61 percent.

  • The S&P is up 5.63, or 0.37 percent.

  • The Nasdaq is up 38.37, or 1.44 percent.

    For the year:

  • The Dow is up 1,449.79, or 11.63 percent.

  • The S&P is up 113.08, or 7.97 percent.

  • The Nasdaq is up 294.30, or 12.18 percent.
    • Advertisement
    Advertisement