Dow Climbs 96 to New 2009 High

Expectations for Caterpillar, AmEx earnings boost Dow
By Nick McMaster,  Newser Staff
Posted Oct 19, 2009 3:19 PM CDT
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)
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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.