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Stocks Post Small Gains Again

Session mostly mixed amid nervousness about the economy

By John Johnson,  Newser Staff

Posted Apr 3, 2008 3:41 PM CDT

(Newser) – The markets finished with modest gains for the second consecutive session today. Investors, still digesting yesterday's testimony by Fed chief Ben Bernanke, shook off bad news on employment and got a lift from the tech sector. The Dow gained 20.20 points to finish at 12,626.03, the Nasdaq closed up 1.90 to 2,363.30, and the S&P 500 gained 1.78 to finish at 1,369.30.

"The market right now is really looking three to six months out," one analyst told the Wall Street Journal. Stocks slumped early on news that the number of jobless claims rose to a two-year high. But good news from Alcoa, Merill Lynch, and Micron Technology helped turn the day around. Another closely watched unemployment report is due tomorrow.

Treasury Secretary Henry Paulson makes remarks at the second annual Capital Markets Summit, Wednesday, March 26, 2008, in Washington.
Treasury Secretary Henry Paulson makes remarks at the second annual Capital Markets Summit, Wednesday, March 26, 2008, in Washington.   (AP Photo/Lawrence Jackson)
April Jarvis of Bear Wagner Specialists looks at a monitor from the floor of the New York Stock Exchange, Tuesday, April 1, 2008.
April Jarvis of Bear Wagner Specialists looks at a monitor from the floor of the New York Stock Exchange, Tuesday, April 1, 2008.   (AP Photo/Henny Ray Abrams)
A trader looks at an overhead monitor from the floor of the New York Stock Exchange, Tuesday, April 1, 2008.
A trader looks at an overhead monitor from the floor of the New York Stock Exchange, Tuesday, April 1, 2008.   (AP Photo/Henny Ray Abrams)
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