NEW YORK (AP) - Stocks extended their gains Thursday with a modest advance as investors weighed fresh economic data, including a sharp drop in new home sales, for clues to whether more interest rate cuts are in the offing.
The Commerce Department's report that sales of new homes plunged 8.3 percent in August to the lowest level in seven years was the latest round of bad news for the housing sector, but its arrival didn't spook investors.
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