News Summary: Stocks eke out gains

AP News
Posted: Aug 29, 2012 5:07 PM
News Summary: Stocks eke out gains

MINOR MOVE: Slightly better economic growth and stronger housing sales nudged the stock market higher Wednesday. The Dow Jones industrial average managed a four-point gain.

A BIT BETTER: The government said the U.S. economy expanded at a 1.7 percent annual rate from April through June thanks to rising consumer spending and exports. That's an improvement from the initial estimate of 1.5 percent, but not enough to dent the unemployment rate.

LAZY DAYS: Markets have slipped into a late-summer lull. After three days of minuscule moves, the S&P 500 index is down less than one point for the week.