Tuesday, August 23, 2011

BREAKING NEWS: Stocks Unshaken After Quake, Dow Rallies 322

Despite a midday earthquake felt on much of the East Coast, the major market averages closed with robust gains Tuesday. The Nasdaq Composite led the way, surging 4.3%, while the S&P 500 added 3.4% and the Dow surged 322 points, or 3%, to 11176. The gains came despite more downbeat news on the housing front, where new homes sales fell by 0.7% in July.


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