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WEDNESDAY, NOVEMBER 25, 2009
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 MARKETS 
1

Jobs Lift Stocks; Dow Up 114

Unemployment report fuels rally

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(Newser) – Good news about the labor market fueled a rally in stocks today, the Wall Street Journal reports. Slowing declines in payrolls and a 0.1% drop in unemployment—both figures beat expectations—elevated investor sentiment. AIG jumped 22.2% after reporting a $1.8 billion quarterly profit. The Dow gained 113.81 points to close at 9,370.07. The Nasdaq rose 27.09 to 2,000.25, and the S&P 500 added 13.40 to close at 1,010.48.

  • For the week, the Dow gained 2.2%, Nasdaq picked up 1.1%, and the S&P 500 rose 2.3%.

Christopher Malloy, right, a trader with Kellogg Capital, works at the New York Stock Exchange, Friday, Aug. 7, 2009 in New York.
Christopher Malloy, right, a trader with Kellogg Capital, works at the New York Stock Exchange, Friday, Aug. 7, 2009 in New York.   (AP Photo/Mark Lennihan)
Traders work on the floor of the New York Stock Exchange, Friday, Aug. 7, 2009 in New York.
Traders work on the floor of the New York Stock Exchange, Friday, Aug. 7, 2009 in New York.   (AP Photo/Mark Lennihan)
Christopher Malloy, right, a trader with Kellogg Capital, works at the New York Stock Exchange, Friday, Aug. 7, 2009 in New York.
Christopher Malloy, right, a trader with Kellogg Capital, works at the New York Stock Exchange, Friday, Aug. 7, 2009 in New York.   (AP Photo/Mark Lennihan)
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We're continuing to find evidence that the economy is rebounding.
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