Stocks Ended with Small Gains

U.S. stocks ended with small gains on Monday as investors weighed soft housing data against a flurry of deal news. The Dow Jones Industrial Average added 22.02 points, or 0.13%, to 16,982.59. The S&P 500 was up 0.57 point, or 0.03%, to 1,978.91. The Nasdaq Composite was down 4.65 points, or 0.10%, to 4,444.91.

Pending home sales fell 1.1% June to mark the first decline in four months, according to an industry trade group. The National Association of Realtors said its pending sales index dropped to 102.7 in June from a revised 103.8 in May.

Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, combining the two most-popular U.S. real estate website operators at a time when more prospective homebuyers are screening properties online.

Red Lobster wants to be seen as a purveyor of quality seafood, so it’s getting rid of some of its promotional discounts and stacking the food higher on plates, as is the style at fancier restaurants.

Southwest Airlines faces a $12 million government fine due to improper repairs on its aircraft, the Federal Aviation Administration announced Monday.

About the Author

has written 14556 stories on this site.

Copyright © 2012 Nine Stocks