Dow Up 108 to 2009 High

GE, financials gain; Fed shows industrial activity up for August
By Nick McMaster,  Newser Staff
Posted Sep 16, 2009 3:15 PM CDT
Jonathan Corpina, senior managing partner at Meridian Equity Partners Inc., center, works in a crowd of traders on the New York Stock Exchange floor in this undated file photo.   (AP Photo/Richard Drew, file)
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(Newser) – Stocks rallied today, with all three major indices hitting their highest levels of the year, the Wall Street Journal reports. GE surged 5.69%, AmEx 3.06%, and BofA 2.80% on good data: Industrial production gained 0.8% in August, and the Labor Department’s consumer-price index rose 0.4%. The Dow closed up 108 points at 9,791, Nasdaq added 30 points to 2,133, and the S&P 500 rose 16 points to 1,069.