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MONDAY, NOVEMBER 23, 2009
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 MARKETS 
6

Dow Climbs 80 as Stocks Hit 2009 Highs

September correction has yet to strike

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(Newser) – Stock indices hit highs for 2009 today, alleviating fears that September would bring a major correction after the summer's rally, the Wall Street Journal reports. Energy stocks led the S&P 500, while the Dow Jones Transportation Average—considered a general indicator of national economic sentiment—rose 2.35%. Procter & Gamble rose 4.1% after announcing cost-cutting measures. The Dow gained 80.26 points to close at 9,627.48. The Nasdaq added 23.63, settling at 2,084.02, and the S&P 500 rose 10.77, closing at 1,044.14.

Traders work on the floor of the New York Stock Exchange in this undated file photo.
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
Traders work on the floor of the New York Stock in this undated file photo.
Traders work on the floor of the New York Stock in this undated file photo.   (AP Photo/Richard Drew)
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6 comments
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dontlikeyou
Sep 10, 09 3:19 PM CDT
Stock markets climb as 218,000 more people lost their jobs last month, totalling approx 2 million lost jobs for the year. Tell me why again, is the stock market climbing? What basis are stock prices going up? I'll tell you this.... it is irrational exuberance. How quickly forget. The stock market was at 10,000 1 year ago. It dropped to 6000 in just a few months. This will happen again. Reply
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-4
IN RESPONSE:
Robert_Dada
Sep 10, 09 3:21 PM CDT
Fine by me - more tremendous buying opprtunities while fools like you piss and moan on the sidelines and wonder why you can't 'get yours'.
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+3
Altoecko
Sep 10, 09 3:22 PM CDT
Wooo! I think the DOW will break the 10k mark before 2010 and will stay that high. Reply
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+2
Are_you--Nobody--Too
Sep 10, 09 3:47 PM CDT
I'm glad things seem to be on the up and up. Stocks will climb before the rest (e.g., jobs and housing), as the market is quicker to move (and more volatile). And as far as that goes, the question is: Do you like to gamble? Reply
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+1
ClearSight
Sep 10, 09 6:07 PM CDT
Wait for it... hear that sound? Its the limb breaking..... Reply
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-2

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