Bullish Earnings Boost Dow 104
CIT Group surges on possible bondholder rescue plan
By Nick McMaster,  Newser Staff
Posted Jul 20, 2009 3:18 PM CDT
Traders work the floor of the New York Stock Exchange in this undated file photo.   (AP Photo)
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(Newser) – Stocks gained late today on bullish earnings from the S&P 500, the Wall Street Journal reports, with data showing that quarterly earnings from 71% of those firms beat expectations. CIT Group surged 81.4% on a possible plan to save it from bankruptcy. The Dow rose 104.21 to close at 8,848.15. The Nasdaq gained 22.68, closing at 1,909.29, and the S&P 500 added 10.75 to settle at 951.13.