Stocks trim losses, still end trading day down
Stocks fell Thursday but closed well off their lows as investors set aside some of their concerns about Greece's rising debt.
Stocks fell Thursday but closed well off their lows as investors set aside some of their concerns about Greece's rising debt.
An increase in regional manufacturing pushed the stock market to its third straight advance and offset concerns about lower sales at Wal-Mart.
Better news from the housing industry sent stocks higher Tuesday, including an increase in the number of people with contracts to buy homes.
The number of buyers who agreed to purchase previously occupied homes fell sharply in November, a sign sales will fall this winter, undermining last summer's recovery.
The stock market closed out a remarkable 2009 with a sharp loss. But stocks still managed their best year since 2003 as they recovered from the financial crisis and recession.
The stock market ended slightly higher Wednesday as gains in shares of materials and technology companies offset concerns about mounting debt levels around the world.
Fed survey finds housing, manufacturing improvements drive early stages of recovery.
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Investors welcomed a better-than-expected report on jobless claims and growth in retail sales, and stocks ended slightly higher Thursday.
The Dow fell more than 100 points, while prices for copper, aluminum and other industrial commodities also slid. All the major stock indexes fell more than 1 percent.
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