Dow Rebounds, Surges 132

Leading economic indicators beat expectations
By Nick McMaster,  Newser Staff
Posted Oct 22, 2009 3:13 PM CDT
Traders Thomas McCauley, second left, and Andrew Silverman, right, work on the floor of the New York Stock Exchange Tuesday, Oct. 20, 2009.   (AP Photo/Richard Drew)
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(Newser) – Stocks rallied today as strong earnings from Travelers, McDonald's, and 3M fueled optimism. A report on leading economic indicators also provided good news, although traders were likely buying just to scoop up bargains from yesterday’s sell-off. The Dow rose 132 points to close at 10,081. The Nasdaq added 14 points, settling at 2,165, and the S&P 500 rose 12 to 1,093, the Wall Street Journal reports.