Drugs, Oil Push Dow Up 50
By Harry Kimball,  Newser Staff
Posted May 12, 2009 3:15 PM CDT
A trader works on the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – Financials dipped today as firms continued stock sell-offs to finance TARP repayments, but strong performance by drug and energy companies stabilized the market, the Wall Street Journal reports. Merck and Pfizer were up as much as 2% and 6%, respectively; oil got a boost from $60 barrels. The Dow was up 50.34 to 8,469.11. The S&P fell 0.89 to 908.35 on bank concerns; the Nasdaq lost 15.32, ending at 1,715.92.