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The Honolulu Advertiser
Posted on: Thursday, April 9, 2009

Insurance, technology lift markets over jitters

Associated Press

NEW YORK — Insurance and technology shares led the market higher in a volatile day yesterday, breaking a two-day slide. But a dim view of the economy from the Federal Reserve and jitters over looming earnings reports kept buyers in check.

Stocks got an early lift from a deal combining two major homebuilders and a report saying the government was poised to extend aid to battered life insurance companies, then wavered throughout the day before ending slightly higher.