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Stocks eke out small gains, Dow higher for 7th day

Stocks eke out small gains, Dow higher for 7th day

Stocks are finishing a choppy day of trading slightly higher following positive reports on home sales and factory orders.
The Dow Jones industrials rose for the seventh straight day, marking another new high for the year.
Stocks had seesawed for much of the day despite a Commerce Department report showing new home sales rose for the fourth straight month. A seperate report showed durable goods orders rose more than expected in July.
Investors have grown increasingly cautious in recent days, questioning whether the market can go much higher without clear evidence of economic growth.
According to preliminary calculations, the Dow is up 4 at 9,543. The Standard & Poor's 500 index is up 0.12 at 1,028 and the Nasdaq composite index is up 0.20 at 2,024.


Updated : 2021-05-16 15:30 GMT+08:00