Dow Up 36 Points; Consumer Stocks Gain

Indices all post solid gains for the week
By Nick McMaster,  Newser Staff
Posted Sep 18, 2009 3:20 PM CDT
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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(Newser) – Stocks posted gains today, closing out a strong week as consumer stocks saw advances, the Wall Street Journal reports. Procter & Gamble gained 3.21% after Citigroup upgraded the firm’s shares to “buy.” Optimism about a recovery in consumer spending drove Starbucks up 3.64%, with PepsiCo and Philip Morris also gaining about 1%. The Dow added 36.28 points to close at 9,820.20. The Nasdaq rose 6.11, settling at 2,132.86, and the S&P 500 gained 2.81to close at 1,068.30.

  • For the week, the Dow gained 2.2%, while the Nasdaq and S&P 500 both added 2.5%