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WEDNESDAY, NOVEMBER 25, 2009
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Dow Rallies on Housing; Up 214

Financials and materials firms gain on construction spending, existing home sales

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(Newser) – Stocks rallied today on positive economic news, with the S&P 500 surpassing the psychologically significant 900 mark, the Wall Street Journal reports. Surges in construction spending and existing-home sales fueled investor optimism, with financials and materials firms pacing advances. The Dow rose 214.33 to close at 8,426.74. The Nasdaq gained 44.36, settling at 1,763.56, and the S&P 500 added 29.72, closing at 907.24.

A pair of traders meet at a phone post on the floor of the New York Stock Exchange today.
A pair of traders meet at a phone post on the floor of the New York Stock Exchange today.   (AP Photo)
Traders work on the floor of the New York Stock Exchange at the post that handles Citigroup today.
Traders work on the floor of the New York Stock Exchange at the post that handles Citigroup today.   (AP Photo)
Traders work on the floor of the New York Stock Exchange today.
Traders work on the floor of the New York Stock Exchange today.   (AP Photo)
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