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THURSDAY, NOVEMBER 26, 2009
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Bond Sales Drive Dow Up 32

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(Newser) – Markets were up today on a successful sale of 30-year Treasury notes and other indicators of economic recovery, the Wall Street Journal reports. Bank of America saw a 9% upswing after its CEO testified on Capitol Hill. The Dow gained 31.90 to 8,770.92. The S&P rose 5.74 to 944.89. And the Nasdaq tacked on 9.29 to finish at 1,862.37.

Traders on the floor of the New York Stock Exchange.
Traders on the floor of the New York Stock Exchange.   (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)
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One of the challenges to that bullish psychology is the threat of interest rates moving higher and posing a challenge to nascent economic recovery. - Craig Peckham, Cowen & Co.

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