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
The Associated Press
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.
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.
Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
About Reader Comments
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account
. See more about comments here.