Bertie
04-17-2007, 10:37 PM
NEW YORK (AP) -- Wall Street traded mostly higher Tuesday, briefly pushing the Dow Jones industrials into record territory after a rise in home construction and a mild reading on consumer inflation encouraged investors to buy.
The technology-dominated Nasdaq composite index and the Russell 2000 index of smaller companies slipped, showing that most of the stock market's gains were isolated in larger companies that are more impervious to economic stumbles.
Many investors were heartened by the Commerce Department's report that March housing starts rose 0.8 percent -- a feeble rise compared with February's 7.6 percent advance, but much better than the drop investors expected. Building permits also rose. Stocks have had many tumultuous weeks this year due to worries about the financial troubles of the subprime lending sector spilling into the already sluggish housing market.
http://biz.yahoo.com/ap/070417/wall_street.html?.v=18
The technology-dominated Nasdaq composite index and the Russell 2000 index of smaller companies slipped, showing that most of the stock market's gains were isolated in larger companies that are more impervious to economic stumbles.
Many investors were heartened by the Commerce Department's report that March housing starts rose 0.8 percent -- a feeble rise compared with February's 7.6 percent advance, but much better than the drop investors expected. Building permits also rose. Stocks have had many tumultuous weeks this year due to worries about the financial troubles of the subprime lending sector spilling into the already sluggish housing market.
http://biz.yahoo.com/ap/070417/wall_street.html?.v=18