Markets record modest gains to extend rally to fourth day
Associated Press
NEW YORK — Investors slowed their move into the market from a sprint to a walk.
Stocks tacked on modest gains yesterday to extend a rally to a fourth day following a strong rise in pending home sales, the latest encouraging signal for the troubled housing market.
The modest moves followed huge gains on Monday, when indicators jumped more than 2 percent on positive signs for manufacturing and other good economic signals.