The Straits Times
Published on Sep 20, 2012

US stocks post small gains, housing data beat expectations


NEW YORK (AFP) - US stocks scored small gains on Wednesday as investors weighed encouraging housing data and falling crude oil prices that stoked hopes for more growth in the tepid economy.

The stock indexes opened mixed but found positive momentum after existing-home sales data beat expectations.

The Dow Jones Industrial Average added 13.32 points (0.10 per cent) to close at 13,577.96.

The S&P 500-stock index rose 1.73 (0.12 per cent) to 1,461.05, while the tech-heavy Nasdaq added 4.82 (0.15 per cent) at 3,182.62.