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MONDAY, NOVEMBER 23, 2009
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 MARKETS 
3

Retail Gains Drive Dow Up 83

Signs of life from the consumer help stocks rebound

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(Newser) – Positive retail reports helped get stocks back on track today after recent declines, the Wall Street Journal reports. Home Depot, Target, and Saks saw smaller-than-expected declines in quarterly profit, while discount chain TJX reported a 31% gain. The Dow rose 82.60 to close at 9,217.94. The Nasdaq gained 25.08, closing at 1,955.92, and the S&P 500 added 9.94 to settle at 989.67.

Trader Richard Newman, right, works on the floor of the New York Stock Exchange in this undated file photo.
Trader Richard Newman, right, works on the floor of the New York Stock Exchange in this undated file photo.   (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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I think we're going to continue to see surprising strength in things that can be bought with cash, but we'll see disappointing purchases of things purchased with credit.
- Jack Ablin, Harris Private Bank

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Altoecko
Aug 18, 09 3:48 PM CDT
Woo? Reply
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Aug 18, 09 9:11 PM CDT
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Aug 19, 09 8:45 PM CDT
I don't know, I just felt like woo'ing questionably.
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Dow Jones • Nasdaq • Home Depot • TJX • retail sales • Target • S&P 500 • Saks

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