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WEDNESDAY, NOVEMBER 25, 2009
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 MARKETS 
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Beige Book Boosts Dow Up 109

Investors look past Intel to manufacturing

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(Newser) – Stocks rose late in today’s session, buoyed by decent news from the Fed’s Beige Book, the Wall Street Journal reports. The report showed manufacturing activity stabilizing or rising in five of 12 US districts, after months of declines. The Dow closed up 109.44 at 8,029.62. The Nasdaq gained 1.08 to close at 1,626.80, while the S&P 500 added 10.56, settling at 852.06.

Brokers work the trading floor of the New York Stock Exchange in this undated file photo.
Brokers work the trading floor of the New York Stock Exchange in this undated file photo.   (AP Photo/David Karp)
A Broker works the trading floor of the New York Stock Exchange in this undated file photo.
A Broker works the trading floor of the New York Stock Exchange in this undated file photo.   (AP Photo/David Karp)
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If the market in total can digest earnings season without making new lows, that's a sign that it is basing, and we may be in for a bigger rally ahead, possibly a cyclical bull market, of 12 to 18 months.
- Dan Wantrobski, Janney Montgomery

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