Retailers Gain; Dow Climbs 48

Investors overcome grim FOMC minutes
By Nick McMaster,  Newser Staff
Posted Apr 8, 2009 3:28 PM CDT
Traders work on the floor of the New York Stock Exchange in New York, Wednesday, April 8, 2009.   (AP Photo/Seth Wenig)
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(Newser) – Stocks posted gains today after dipping into the red after the release of minutes from the Fed open market committee’s March meeting, during which forecasts were lowered, the Wall Street Journal reports. Family Dollar Stores' strong earnings report encouraged investors, and the consumer and retail sectors saw broad advances. The Dow rose 47.55 points to close at 7,837.11. The Nasdaq gained 29.05, closing at 1,590.66, while the S&P 500 added 9.61, settling at 825.16.