Dow Up 51 on Home Sales

Downward GDP revision saps gains
By Nick McMaster,  Newser Staff
Posted Dec 22, 2009 3:19 PM CST
Dow Up 51 on Home Sales
A Star Wars storm trooper walks the floor of the New York Stock Exchange, Tuesday, Dec. 22, 2009 in New York. Darth Vader rang the opening bell.   (AP Photo/Henny Ray Abrams)

A 7.4% gain in existing home sales for November boosted stocks today, despite a downward revision of third-quarter GDP growth to 2.2%, the Wall Street Journal reports.

  • The Dow gained 51 points to close at 10,465.
  • The Nasdaq added 15 points to settle at 2,253.
  • The S&P 500 gained 4 points, closing at 1,118.
(More Dow Jones stories.)

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