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FILE - In this Tuesday, July 30, 2013, file photo, a realty sign hangs in front of a home for sale in Gilbert, Ariz. Standard & Poor's/Case-Shiller reports on home prices in July on Tuesday, Sept. 24, 2013. (AP Photo/Matt York, File)
Stock market rises slightly at midday
First Published Sep 24 2013 08:44 am • Last Updated Sep 24 2013 11:19 am

New York » The stock market is rising slightly at midday after two key reports left a mixed picture of the U.S. economy.

One report showed that home prices in July rose the most in more than seven years. Another showed that Americans’ confidence in the economy fell slightly in September as many people became less optimistic about hiring and pay increases.

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The Dow Jones industrial average was up 12 points to 15,413 shortly before 12 p.m. Tuesday. The Standard & Poor’s 500 index rose two points to 1,703. The Nasdaq composite edged up 14 points to 3,780.

Applied Material jumped $1.17, or 7 percent, to $17.16, the biggest gain of any stock in the S&P 500. The manufacturer of chip-making equipment is acquiring a rival in a $9.39 billion deal.




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