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THURSDAY, NOVEMBER 26, 2009
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Dow Climbs 84, Hits '09 High

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(Newser) – Good earnings reports and stellar performance by General Electric had markets at 2009 highs for a time today, the Wall Street Journal reports. “We have gotten so close to the S&P 1,000 level, you just sort of sense that unless there’s a horrible GDP number tomorrow, we’re going to have to go up and challenge this thing,” a strategist says. The Dow was up 83.74 to 9,154.46. The S&P gained 11.60 to end at 986.75. And the Nasdaq rose 16.54 to 1,984.30.

Traders work on the floor of the New York Stock Exchange.
Traders work 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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We got to the point in the first quarter, when everyone was so risk averse they lost out. And, in just six months, they have now become overly aggressive. - Kevin Mahn, Hennion & Walsh

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