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THURSDAY, NOVEMBER 26, 2009
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 MARKETS 
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Dow Up 173 on Housing, Retail

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(Newser) – Markets rallied today on positive news from the retail and housing sectors, the Wall Street Journal reports. Major builders saw stocks go up as much as 15%, leading some to predict an end to the crisis in the housing market. In retail, meanwhile, companies such as Bed Bath and Beyond and Best Buy benefited from the bankruptcies of competitors. The Dow was up 172.54 to 8,472.40. The S&P gained 19.33 to end at 920.27. And NASDAQ tacked on 37.20 to finish at 1,829.54.

A specialist works on the floor of the New York Stock Exchange.
A specialist works on the floor of the New York Stock Exchange.   (AP Photo)
Traders on the floor of the New York Stock Exchange.
Traders on the floor of the New York Stock Exchange.   (AP Photo)
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Where you see capacity shrinking in an industry because competition is going away, there's always potential for higher earnings leverage. It's one of the things we're always looking for. - Matthew Kaufler, Federated Clover Investment Advisors

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3 comments
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AClotfelter
Jun 25, 09 3:17 PM CDT
Wish this meant something... Reply
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justme
Jun 25, 09 7:27 PM CDT
It only means that surviving companies are starting to profit from picking up the slack. Everything else is flat Reply
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Derni
Jun 25, 09 9:40 PM CDT
still have large #'s of unemployed-- Reply
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