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WEDNESDAY, NOVEMBER 25, 2009
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Stocks Rally; Dow Up Almost 200

Fed's latest actions draw late but rave reviews

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(Newser) – Stocks rallied today on strong performances by several big tech firms, MarketWatch reports. Investors also poured money into financials in anticipation of the dollar boost the Fed will cause by holding interest rates steady after yesterday’s cut. The Dow climbed 189.87 to at 13,010.00, the Nasdaq rose 67.91 to 2,480.71, and the S&P 500 jumped 23.72 to 2,480.71.

The rally seemed unaffected by news of a jump in first-time jobless claims and an overall drop in manufacturing activity. Exxon’s worse-than-expected performance also seemed not to bother investors, apparently heartened by good news from Intel, Sandisk, and especially Symantec, which reported first-quarter earnings of  $186.4 million in Q1, triple the figure from a year ago.

John Thompson, Symantec's CEO, gives the keynote address at a computer security conference.
John Thompson, Symantec's CEO, gives the keynote address at a computer security conference.   (AP Photo)
In this April 3, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington.
In this April 3, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington.   (AP Photo)
Traders and Specialists look at a monitor on the trading floor at the New York Stock Exchange in this undated file photo.
Traders and Specialists look at a monitor on the trading floor at the New York Stock Exchange in this undated file photo.   (AP Photo/David Karp)
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Q1 gains in income erased by inflation
MarketWatch

Bernanke signals he's serious about a pause
Wall Street Journal

More on Symantec's good quarter and year
PC World


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Ben Bernanke • Exxon • Federal Reserve • Intel • Dow Jones • Nasdaq • Symantec • S&P 500 • interest rate cut

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