Stocks Post Small Gains on Mixed Earnings with International Business Machines (IBM) and American Express (AXP) on the Move
Posted on October 17, 2012 at 16:41 PM EDT
Stocks managed to post small gains lifted by a strong housing report, but tepid quarterly results from major tech companies weighed. The day's gains were propelled by signs of continued strength in the housing market. Construction of new homes surged more than expected in September to the highest level in more than four years. Separately, new building permits, an indication of future construction, rose above estimates in September. Among earnings, Bank of America (BAC) reported a breakeven quarter, exce...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)