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Stocks trim gains, then move higher after data

Posted : Fri, 25 May 2007 14:22:02 GMT
Author : Reuters
Category : US (Business)
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NEW YORK (Reuters) - U.S. stocks briefly pared gains but then resumed an upward trend on Friday after data showed existing-home sales fell to the slowest rate since June 2003, below economists' forecasts.

The Dow Jones industrial average <.DJI> was up 27.87 points, or 0.21 percent, at 13,469.00. The Standard & Poor's 500 Index <.SPX> was up 3.99 points, or 0.26 percent, at 1,511.50. The Nasdaq Composite Index <.IXIC> was up 8.55 points, or 0.34 percent, at 2,546.47.


(c) Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.


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