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MONDAY, NOVEMBER 23, 2009
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Dow Up 21 After Rally Loses Steam

Dow hits new 2009 high but falls back amid light volume

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(Newser) – The stock indices ended mixed today after strong morning gains lost steam. The Dow hit a new high for 2009, 9931.82, off strong expectations for the third-quarter earnings. But profit-taking traders capitalized on recent gains, pushing the market lower; light trading volume on the Columbus Day holiday amplified their actions. The Dow closed up 20.86 points at 9,885.80. The Nasdaq lost just 0.14 to close at 2,139.14, and the S&P 500 settled at 1,076.18, having gained 4.69, the Wall Street Journal reports.

Trader Dudley Devine, foreground, works on the floor of the New York Stock Exchange in this undated file photo.
Trader Dudley Devine, foreground, works 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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Dow Jones • earnings reports • Nasdaq • corporate earnings • holiday • third quarter earnings • Columbus Day • S&P 500

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