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August 24, 2016

Modest but steady gains for stocks

NEW YORK (AP) — Stocks posted modest gains on Tuesday, bringing indexes nearly back to the record levels they reached last week. Homebuilders rose sharply following a big jump in sales of new homes last month, and Best Buy soared after the electronics retailer reported a surge in profit as online sales increased.

The Dow Jones industrial average rose 17.88 points, or 0.1 percent, to 18,547.30. The Standard & Poor's 500 index rose 4.26 points, or 0.2 percent, to 2,186.90 and the Nasdaq composite rose 15.47 points, or 0.3 percent, to 5,260.08.


 
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