Modest Gains for Stocks


0  Updated at 3:11 pm, March 19th, 2012 By: ABC Digital
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Comstock/Thinkstock(NEW YORK) — The market held its own Monday after last week’s rally. The market dropped lower immediately after Apple announced a dividend and a $10 billion share buyback program, but optimism returned with the promise of greater demand for U.S. Steel.

The Dow gained 6 1/2 points Monday to close at 13,239. The Nasdaq closed up 23, and the S&P was up 5 1/2 points by the end of Monday trading.

As for home sales, the National Association of Home Builders, releasing its March housing market index, saw no change from February. But many homebuilders are thinking that sales could pick up in the coming months.

Copyright 2012 ABC News Radio

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