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FRIDAY, NOVEMBER 27, 2009
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 MARKETS 
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Dow Jumps 221 on GM Filing

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(Newser) – Stocks surged today on positive data about personal income, manufacturing, and the long-awaited announcement of General Motors’ bankruptcy. “There is a positive, relief reaction to this filing,” one analyst told the Wall Street Journal. “It’s been hanging over all of our heads.” Energy and construction stocks also saw big bumps. The Dow was up 221.11 to 8,721.44. The S&P gained 23.73, ending at 942.87. And the Nasdaq rose 54.35 to 1,828.68.

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)
Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
General Motors global headquarters in Detroit.
General Motors global headquarters in Detroit.   (AP Photo)
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There are some promising signs in the economy, but don't fool yourself. A lot of what we're seeing here is the correction of extreme risk aversion. - Carmine J. Grigoli, Mizuho Securities

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Chudluv
Jun 1, 09 3:29 PM CDT
Won't see much growth for couple more months in the markets. But with Oil rates climbing, you can almost say the Markets will gain on the tail's of Oil prices Reply
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