The stock market recorded a small gain Friday, getting a little more mileage out of its rally of the past two sessions.
The stock market rose sharply Thursday, sending the Dow Jones industrial average up 31.13 to close at 1,806.30, but analysts were able to cite no particular reason for the climb, the steepest in more than a month.
The stock market turned in a mixed showing today, pausing after its broad-based rally of the past three weeks.
The government's main gauge of future economic activity jumped 1.7% in January, its biggest advance in almost two years, the Commerce Department said today.
The monthly index for July fell to 8.196%, off from 8.374% in June, the Federal Home Loan Bank of San Francisco said.
Tokyo stock prices fell sharply Thursday, continuing a downward slide that has sheared 8.3% from a key market index in the past three weeks.
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Stock prices took a downward turn Thursday in a session marked by weakness in some prominent blue chips.
The stock market gained more ground today, extending Wednesday's advance to record highs.
The government's major barometer of future economic activity took its first nose dive in nine months Tuesday, but, instead of bemoaning the drop, the White House and prominent forecasters dismissed it as a fluke in an otherwise healthy expansion.
Stock prices fell today, recording the market's first loss of the week, thanks in large part to a dive in blue-chip issues in the last few minutes of trading.
Consumer prices, after registering the steepest nose dive in nearly four decades, reversed course and rose 0.2% in May as gasoline prices rebounded, the government reported today.
The government's barometer of future business activity rose a scant 0.2% during May, the Commerce Department reported, indicating continued sluggishness in the economy.
The Federal Home Loan Bank of San Francisco announced that the index rose in February to 7.448% from 7.396% the month before.
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