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    Stock Market Today: S&P 500, Nasdaq Nab Fifth Straight Win

    by Karee Venema Oct 19, 2021 2 minutes

    Stocks closed higher Tuesday as investors looked past a lackluster update on housing to instead focus on a solid round of corporate earnings.

    The Census Bureau this morning revealed that housing starts unexpectedly fell 1.6% month-over-month in September to a seasonally adjusted annual rate of 1.555 million units – the lowest since April. Building permits plunged 7.7% to 1.589 million units annualized, the fewest since August 2020.

    But Jennifer Lee, senior economist at BMO, isn't concerned with the shortfalls. "A

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