Stock Market Tries to Break Recent Losing Streak
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iStock/Thinkstock(NEW YORK) — The stock market is trying to recover after last week’s losses.
The Dow Jones Industrial Average climbed 21.77 points ending the day at 16,982.34 and the S&P 500 went up .55 to 1,978.89. Nasdaq fell 4.65 points on Monday, ending the day at 4,444.91.
Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion, while real estate website Zillow is buying competitor Trulia in a $3.5 billion, all-stock deal.
Fewer Americans signed contracts to buy homes in June, as the real estate market cooled off this summer. The National Association of Realtors says pending home sales slipped 1.1% last month. Realtors blame meager wage growth as well as rising home prices and mortgage rates.
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