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Tech, Banks Push Dow Up 46

By Harry Kimball,  Newser Staff

Posted May 14, 2009 3:16 PM CDT

(Newser) – Markets climbed today on good performance by technology stocks and a rebound in the financial sector, the Wall Street Journal reports. A key bank index, which dipped earlier as financials sold stock to raise capital, was up almost 4%. The retail sector continued to struggle, with Wal-Mart off 1.9%. The Dow was up 46.43 to 8,331.32. The S&P rose 9.15, to 893.07. And the Nasdaq ended up 25.02, at 1,689.21.

A trader works on the floor of the New York Stock Exchange today.
A trader works on the floor of the New York Stock Exchange today.   (AP Photo)
The NYSE today.
The NYSE today.   (AP Photo)
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In retail, anything from the mid-range and down is doing OK. You have high-end consumers who previously wouldn't go into, say, a Wal-Mart but are doing so now. They're downgrading, but they are still spending. - Neil Hennessy, Hennessy Funds

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COMMENTS
Showing 2 of 2 comments
kokuaguy
May 15, 2009 7:50 AM CDT
Seriously, is the stock market's daily fluctuation really relevant to anything anymore? Other than Obama's popularity in the opinion polls, of course?
kokuaguy
May 15, 2009 7:37 AM CDT
Do I get more Newser points for being the first to comment?

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