Saturday, March 3, 2012

MARKET REBOUNDING FROM JULY'S LOSSES.(BUSINESS)

Byline: -- Associated Press

NEW YORK -- Stocks struggled higher Tuesday, erasing more of July's pullback, as interest rates held firm in the bond market despite a new round of heavy government borrowing.

But trading was slow and cautious for the second straight session as investors found few incentives to bid an increasingly pricey market back into record territory. The Dow Jones industrial average rose 21.83 to 5,696.11, having recovered from an early 26-point deficit and briefly moving above 5,700 for the first time since early July.

In just three weeks, the blue-chip barometer has snapped back by more than 500 points from the depths of last …

No comments:

Post a Comment