Dow Up 54, Gains 9% for Week

Merck surges on proposed merger
By Nick McMaster,  Newser Staff
Posted Mar 13, 2009 3:20 PM CDT
Robert Vella of Bay Crest Partners, works on the floor of the New York Stock Exchange today.   (AP Photo)
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(Newser) – Stocks made gains today, extending a winning streak into its fourth day, MarketWatch reports. Merck rose 12.5% on announcement of its merger with Schering-Plough, while General Motors built on recent gains with a 22.9% jump. The Dow closed up 53.92 at 7,223.98. The Nasdaq rose 5.40 to close at 1,431.50, while the S&P 500 gained 5.81 to settle at 756.55.

For the week, the Dow rose 9%, the Nasdaq gained 10.6%, and the S&P added 10.7%