|
|
Article: Dow tops 9,000 as home sales rise for 3rd month
- Article from:
- AP Online
- Article date:
- July 23, 2009
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
The Dow Jones industrials are back above 9,000 for the first time since the beginning of January.
Investors are snapping up stocks across the market Thursday, sending major indexes up about 2 percent, after a report showed existing home sales jumped for the third straight month.
A 3.6-percent increase in June home sales has investors excited that the hard-hit housing market might be improving.
In midday trading, the Dow is up 173.59, or 2 percent, at 9,054.85. The Standard & Poor's 500 index is up 20.56, or 2.2 percent, at 974.63, while the Nasdaq composite index is up 39.53, or 2.1 percent, at 1,965.91.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier ...