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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

(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.

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.
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)
Trader Salvatore Suarino, foreground, works on the floor of the New York Stock Exchange in this undated file photo.
Trader Salvatore Suarino, foreground, works on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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COMMENTS
Showing 2 of 2 comments
freethemall
Sep 16, 2009 10:50 PM CDT
Why?
IndependentThinker
Sep 16, 2009 3:31 AM CDT
I am guessing the next crash will be around 10,300ish just after the congressional elections.

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