Dow Closes Above 10,000

Earnings drive stocks; oil hits 1-year high
By Nick McMaster,  Newser Staff
Posted Oct 14, 2009 3:07 PM CDT
Trader Ted Weisberg, on the floor of the New York Stock Exchange Wednesday, Oct. 14, 2009, wears a vintage "Dow 10,000" cap from March 1999, when the Dow first closed above 10,000.    (AP Photo/Richard Drew)
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(Newser) – Strong earnings drove today's milestone stock rally. The Dow rose 145 points to close at 10,016, the first time it's been above the five-figure mark in a year. The Nasdaq gained 32 points, closing at 2,172, and the S&P 500 added 19 points to settle at 1,092, the Wall Street Journal reports. Intel and JPMorgan Chase both beat expectations, and oil closed up $1.03 at $75.21 a barrel, the highest it's been since last October.