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Article: Wall Street ends moderately higher
- Article from:
- AP Worldstream
- Article date:
- January 26, 2009
- Author:
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Wall Street has managed an advance the hard way _ zigzagging on a mix of earnings and economic news before closing moderately higher.
The major indexes changed course several times during Monday's session, rising in response to Pfizer Inc.'s $68 billion planned acquisition of Wyeth, a deal that reassured investors that mergers could still take place in a recession. And the National Association of Realtors said existing homes rose rather than fell in December, stirring hopes that lower prices and falling interest rates are starting to erase at a glut of homes with "for sale" signs.
But news from big companies weighed on the market. Downbeat comments from ...