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S&P 500 Posted Second Smallest Closing Gain; New Home Sales Down 8.1%

By: , dated July 28th, 2014
The S&P 500 and Dow Jones ended the day slightly up, while Nasdaq was down 0.11%. Investors were trying to balance a reported decline in sales of new homes in June with the news of multiple acquisitions. Dollar Tree Inc. (DLTR) is going to take over Family Dollar Stores (FDO), while Zillow is acquiring Trulia, its direct competitor in a real estate online listings market. After debuting its IPO last Friday, El Pollo Loco’s (LOCO) shares continued to climb for the second trading day in a row.

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