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Dow Gains 21 as Industrial, Utility Sectors Rise
Signs of life in M&A spur late advances
By Nick McMaster
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Posted Sep 14, 09 3:24 PM CDT
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(Newser)
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Stocks swung to gains late in the session today, with industrial stocks and utilities pacing advances, the Wall Street Journal reports. Reports of the Chinese government acquiring power-plant developer AES boosted the S&P 500. AES gained 4.5%, and General Electric climbed 4.6%. The Dow rose 21.39 points to close at 9,626.80. The Nasdaq gained 10.88, closing at 2,091.76, and the S&P 500 added 6.61 to settle at 1,049.34.