NEW YORK (August 23, 2013)--Stocks closed with modest gains Friday after recovering from an early stumble caused by a poor report on the housing market.
The Dow Jones industrial average rose 46 points, or 0.3 percent, to end at 15,010 Friday.
The Standard & Poor's 500 index rose six points, or 0.4 percent, to close at 1,663.
The Nasdaq composite rose 19 points, or 0.5 percent, to end at 3,657.
The Nasdaq market was shut down most of Thursday afternoon because of technical troubles.
Microsoft jumped after the company said Steve Ballmer would retire as CEO.
Bond yields fell and gold rose after a plunge in new home sales shook investors' confidence in the housing recovery.
Two stocks fell for every one that rose on the New York Stock Exchange where volume was very low at 2.5 billion shares.