Dow Adds 19 on Housing News

By Harry Kimball,  Newser Staff
Posted Jun 2, 2009 3:14 PM CDT
Dow Adds 19 on Housing News
Traders gather on the floor of the New York Stock Exchange.   (AP Photo)

Good news from the housing sector outweighed bank troubles today for Wall Street, the Journal reports. Manufacturer Alcoa tacked on 6%, and a housing-industry group said sales in April made the biggest jump in 8 years. Financials fell after more banks announced plans to pay back TARP loans through stock offerings. The Dow was up 19.43 to 8.740.87. The S&P gained 1.91, ending at 944.78. And the Nasdaq rose 8.12 to 1,836.80. (More housing sector stories.)

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