How the major market indexes fared (AP)

Traders work on the floor of the New York Stock Exchange just prior to the closing bell Monday, Jan. 26, 2009. Stocks rose on optimism about Pfizer's acquisition of rival drugmaker Wyeth but fell on earnings reports that pointed to further weakness in the economy. Late in the day, the major indexes were holding on to moderate gains. (AP Photo/Richard Drew)AP – Wall Street has managed an advance the hard way — zigzagging on a mix of earnings and economic news Monday before closing moderately higher. The major indexes reversed direction several times, rising in response to Pfizer Inc.’s $68 billion planned acquisition of Wyeth. And the National Association of Realtors said existing homes rose rather than fell in December.

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