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The Honolulu Advertiser
Posted on: Wednesday, June 3, 2009

Markets record modest gains to extend rally to fourth day


Associated Press

NEW YORK — Investors slowed their move into the market from a sprint to a walk.

Stocks tacked on modest gains yesterday to extend a rally to a fourth day following a strong rise in pending home sales, the latest encouraging signal for the troubled housing market.

The modest moves followed huge gains on Monday, when indicators jumped more than 2 percent on positive signs for manufacturing and other good economic signals.