Dow Bumps Higher; S&P 500, Nasdaq Lag
NEW YORK (TheStreet) -- The major U.S. equity averages finished mixed in sluggish trading Tuesday with lingering eurozone uncertainties set against more evidence of a recovery in the housing market.
A gloomy assessment of the global economy by package delivery giant FedEx (FDX) put an early damper on sentiment but the latest data from the National Association of Home Builders was a bright spot. The group's measure of builder confidence in the market for newly built, single-family homes rose for a fifth straight month in September to a level of 40, the highest reading since June 2006.
The Dow Jones Industrial Average gained nearly 12 points, or 0.09%, to close at 13,565. The blue-chip index has now risen in five of the past six sessions and is up 11.03% so far in 2012.
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