Dow Gains 21 as Industrial, Utility Sectors Rise

Signs of life in M&A spur late advances
By Nick McMaster,  Newser Staff
Posted Sep 14, 2009 3:24 PM CDT
Traders and specialists on the floor of the New York Stock Exchange watch President Barack Obama's address from Federal Hall, Monday, Sept. 14, 2009.   (AP Photo/Richard Drew)
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(Newser) – 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.