Banks Spur Gains; Dow Up 102

Some institutions gain despite poor stress test results
By Nick McMaster,  Newser Staff
Posted May 6, 2009 3:08 PM CDT
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – Stocks were up today as investors digested the stress tests results, the Wall Street Journal reports. Regions Financial and Bank of America were higher, despite results that say they will need additional capital. JP Morgan Chase, which can meet its capital needs, also gained. The Dow gained 101.63 to close at 8,512.28. The Nasdaq added 4.98, closing at 1,759.10, and the S&P 500 rose 15.73 to settle at 919.53.