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THURSDAY, NOVEMBER 26, 2009
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 MARKETS 
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Dow Rebounds, Rises 142

Banks still feel pain ahead of next bailout

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(Newser) – Stocks bounced back in the wake of yesterday’s sell-off, with news of a rise in December existing-home sales feeding optimism, the Wall Street Journal reports. Merck continued to rise after reporting a quarterly profit, closing up 7.7% and boosting other pharmaceuticals. The Dow closed up 141.53 points at 8,078.36 The Nasdaq rose 21.87 points to close at 1,516.30, and the S&P 500 gained 13.06 points, settling at 838.50.

Two financial professionals compare information on the floor of the New York Stock Exchange in this undated file photo.
Two financial professionals compare information on the floor of the New York Stock Exchange in this undated file photo.   (Getty Images)
Traders work on the floor of the New York Stock Exchange in this undated file photo.
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (Getty Images)
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What's discouraging in today's market is that the financials are taking it on the chin. There is no way we have any kind of long-term recovery without the financials being at least a stabilizer, if not a leader.
- Joe Kinahan, thinkorswim

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