Dow Flips on T-Notes, Adds 104

By Harry Kimball,  Newser Staff
Posted May 28, 2009 3:14 PM CDT
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – A well-received auction of Treasury notes and a jump in the price of crude oil pushed markets up today, the Wall Street Journal reports. “There was some real fear coming into this,” a strategist said of yesterday’s worries about government debt. “Clear-cut case of sell on the rumor, buy on the news.” The Dow was up 103.78 to 8,403.80. The S&P rose 13.77 to 906.83. And the Nasdaq added 20.71 to finish at 1,751.79.