Stocks Trade In Tight Range Following Rally Monday

By: Associated Press Email
By: Associated Press Email

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Tuesday, June 2, 2009

Investors are holding onto their gains a day after rushing into the stock market.

Stocks are trading in a tight range Tuesday as investors look for clues about whether the rally will continue.

An upbeat report on pending home sales briefly sent the Dow Jones industrial average into the black for 2009. The blue chips had been down by as much as 25.4% for the year in early March.

The day's modest moves reflect caution after huge gains on Monday that followed better-than-expected economic data.

At midday, the Dow Jones industrial average is up less than a point at 8,721. The Standard & Poor's 500 index is down 1 at 942. The Nasdaq composite index is up 3 at 1,830.

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