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MONDAY, NOVEMBER 23, 2009
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 MARKETS 
2

Dow Up 124 on Revitalized M&A

Xerox, J&J announce new acquisitions

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(Newser) – High-profile deals breathed fresh life into stocks today, snapping a 3-day losing streak. Xerox will buy outsourcing company Affiliated Computer Services for $6.4 billion, and Johnson and Johnson bought biotech firm Crucell for $442.7 million. Barring sharp losses in the days ahead, this quarter will have seen the biggest gains in over 10 years. The Dow rose 124.17 points to close at 9,789.36. The Nasdaq gained 439.82, settling at 2,130.74, while the S&P 500 added 18.60 to close at 1,062.98.

Traders work on the floor of the New York Stock Exchange in this undated file photo.
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
Traders work on the floor of the New York Stock Exchange in this undated file photo.
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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OFF THE GRID
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divetrader
Sep 28, 09 10:28 PM CDT
This rally is not about people getting jobs. It is about companies letting loose of employees and giving CEO's and stockholders nice paychecks. Reply
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Antiks
Sep 29, 09 1:05 AM CDT
Yeah, so far the only economic recovery story is that of the rich elite.
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