STOCKS NEWS US-Markets extend gains on Ford, housing data

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1019 ET 24April2009-Markets extend gains on Ford, housing data
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Major U.S. indexes extended gains on Friday after a report on March new
home sales suggested some stabilization in the housing market. Sentiment was
also lifted after Ford Motor Co reported a quarterly loss that was
narrower than expected.
For details, see [nN24415691]
The Dow Jones industrial average <.DJI> rose 1 percent to 8,031.93 while
the S&P 500 <.SPX> gained 0.9 percent to 859.73 and the Nasdaq <.IXIC> was up
1.1 percent to 1,670.82.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

1008 ET 24April2009-New home sales drop in March, inventories down
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Sales of newly-built U.S. single-family homes dropped 0.6 percent in March,
but the stock of homes for sale at the end of the month still tumbled at a
record pace, according to data from the Commerce Department.
Inventory of new homes shrank to 311,000 in March from 328,000 from
February. For details, see [nN23339402]
Following release of the data, the Dow Jones U.S. Home Construction index
<.DJUSHB> rose 3.5 percent to 260.10.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0952 ET 24April2009-Arch Coal falls after results, but index rallies
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Shares of Arch Coal Inc fell on Friday, after the coal company
reported first-quarter earnings that missed expectations and gave a full-year
outlook that was below consensus.
The company cited weak coal demand and higher costs in its results.
For details, see [nN24343634]
The stock tumbled 5.6 percent to $14.07 while the Dow Jones U.S. Coal Index
<.DJUSCL> was up 2.2 percent to 173.08. Arch Coal was the only component of
that index in negative territory.
Among the other components, International Coal Group Inc rose 6.4
percent to $2, Massey Energy Co gained 5.2 percent to $13.55 and Consol
Energy Inc rose 4.4 percent to $30.47.
On Thursday, Consol reported reported first-quarter profits that more than
doubled from the prior year and said it would trim output because of soft
demand from steel makers and power generators. [nN23170572]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0946 ET 24April2009-Auto index advances after Ford results
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The Dow Jones U.S. Automobile Index <.DJUSAU> surged on Friday, advancing
14 percent to 66.80 after Ford Motor Co reported a first-quarter loss
that was narrower than expected. Ford also said that it was on track to at
least break even in 2011 and that it didn't expect to seek U.S. government
loans.
For details, see [nN24400235]
Shares of Ford soared 19 percent to $5.34 while General Motors Corp ,
a Dow component, was up 4.3 percent to $1.69.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0934 ET 24April2009-Netflix shares tumble after results
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Shares of Netflix Inc fell on Friday, after the online movie
renter reported its first-quarter results and gave a guidance that disappointed
some analysts.
The company cited growing competition from DVD rental kiosks for the
outlook.
For details, see [nN23332174]
The stock slid 5.1 percent to $43.01 while Blockbuster Inc was up
1.5 percent to 70 cents.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0920 ET 24April2009-Markets open higher, lifted by Ford results
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Major U.S. indexes opened higher on Friday after Ford Motor Co
reported a quarterly loss that was narrower than expected. American Express
also reported results that cheered investors.
The Dow Jones industrial average <.DJI> rose 0.5 percent to 7,992.50 while
the S&P 500 <.SPX> gained 0.3 percent to 855.51 and the Nasdaq <.IXIC> was up
0.8 percent to 1,665.68.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS

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