US stock indexes mostly higher in morning trading, extending market rally into a fourth day

The Associated Press
December 22, 2014 at 4:50PM

Major stock indexes edged mostly higher Monday but the gains were held back by discouraging data on U.S. home sales and a deepening slide in oil prices.

The market is coming off a big advance last week, which gave the Standard & Poor's 500 its second-biggest weekly gain this year.

The Dow Jones industrial average rose 78 points, or 0.4 percent, to 17,873 as of 11:45 a.m. Eastern. The S&P 500 was flat at 2,070. The Nasdaq composite rose a point to 4,766.

The price of oil fell $1.74 to $55.39 a barrel.

Homebuilders fell following a report that sales of previously occupied homes fell last month to the slowest pace in six months.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.18 percent.

about the writer

about the writer

The Associated Press

More from Business

See More
The newly renovated Parkway Theater is next door to the new restaurant El Burrito Mercado.
Star Tribune/The Minnesota Star Tribune

The new rule, which goes into effect March 1, says only firms owned by citizens or U.S. nationals will qualify for Small Business Administration loans.

card image
card image