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THE REAL MOST ACTIVE Dow, S&P 500 Give Up Gains, But End Higher.(MAKING MONEY)
Byline: CRAIG SHAW
A surprise jump in GDP helped propel NYSE stocks Thursday, although the market gave up the bulk of its gains by the closing bell. The Dow industrials rose 0.4% on heavier trade, the benchmark S&P 500 0.3%. For July, the Dow climbed 2.8% and the S&P 500 1.6%, the fifth straight monthly gain for each.
Chico's FAS gapped up 1.58 to an all-time high of 27.15 on above-average turnover. The women's apparel retailer said it agreed to buy privately held women's clothing firm The White House for $90 million in cash and stock. It expects the deal to close in the third quarter, adding $32 million-$36 million to its fiscal year sales. Wells Fargo Securities upgraded the stock to buy from hold.
Chicago Bridge & Iron marked a 52-week closing high, rising 0.71 to 24.66. The construction and engineering firm topped second-quarter profit views by a penny a share, posting 17% year-over-year growth.
News wires said the firm may be in talks to buy a unit of Swiss power technology company ABB Ltd. for $300 million. It's featured in NYSE Stocks In The News on page B6.
On the ...
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