Tuesday, Apr 24, 2018
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

An early gain fades on Wall Street

Sales of new homes plummet; Microsoft jumps after CEO says he will retire

NEW YORK — An early gain on Wall Street has faded at midday after the government reported that sales of new homes plunged.

The Dow Jones industrial average was up 13 points, or 0.1 percent, at 14,977 at midday today. It was up 29 points earlier.

The Standard & Poor’s 500 index rose three points, or 0.2 percent, to 1,660.


The Nasdaq composite rose nine points, or 0.2 percent, to 3,647. Technical problems shut down the Nasdaq exchange for three hours on Thursday.

Microsoft jumped $1.71, or 5 percent, to $34.10 after the company said Steve Ballmer would retire as CEO within the next 12 months.

Bond yields fell and the price of gold rose to a two-month high after the home sales report shook investors’ confidence in the housing recovery.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…