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SUNDAY, NOVEMBER 22, 2009
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 MARKETS 
2

Dow Climbs 96 to New 2009 High

Expectations for Caterpillar, AmEx earnings boost Dow

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(Newser) – Stocks rallied today on expectations for this week’s earnings reports, with the Dow rising 96.28 points to hit a new 2009 high of 10,092.19. Caterpillar, which reports tomorrow, gained 6.5% after saying it would raise prices. American Express, which reports Thursday, gained 2.6%. Traders were cautiously optimistic about Apple, which reported better-than-projected results after the bell: its stock rose 1%. The Nasdaq gained 19.52 to close at 2,176.32, and the S&P 500 added 10.23 to close at 1,097.91, the Wall Street Journal reports.

Trader John Strazza checks prices as he works on the floor of the New York Stock Exchange Monday, Oct. 19, 2009.
Trader John Strazza checks prices as he works on the floor of the New York Stock Exchange Monday, Oct. 19, 2009.   (AP Photo/Richard Drew)
Specialist Glenn Carell, right, works on the floor of the New York Stock Exchange Monday, Oct. 19, 2009.
Specialist Glenn Carell, right, works on the floor of the New York Stock Exchange Monday, Oct. 19, 2009.   (AP Photo/Richard Drew)
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2 comments
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passinthru
Oct 19, 09 3:21 PM CDT
yay for the financial market...now where are the jobs??? Reply
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divetrader
Oct 19, 09 11:11 PM CDT
What makes the market go up? Let's see: (1) Cut jobs. (2) Sell a profitable branch and downsize. (3) Raise prices for the consumers. (4) Take advantage of free tax payer money with no benefit to the tax payer. (5) As winter sets in, raise energy prices...especially when consumers have no other choices for heat or fuel. Don't you love it!!! Reply
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