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SUNDAY, NOVEMBER 22, 2009
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 MARKETS 
5

Dow Rises 204, Back Over 10,000

Earnings, jobless data spur biggest gain since July

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(Newser) – Stocks rallied, pushing the Dow above 10,000 in its best one-day point gain since July. A decline in weekly jobless claims and good news from Cisco led the way, reports the Wall Street Journal.

  • The Dow rose 204 points to close at 10,006.
  • The Nasdaq added 49 points to settle at 2,105.
  • The S&P 500 gained 20 points, closing at 1,067.

Specialists Scott Wetzel, Michael Bonnano and Peter Gaicchi, left to right, and Gennaro Saporito, foreground right, work at a post on the floor of the New York Stock Exchange.
Specialists Scott Wetzel, Michael Bonnano and Peter Gaicchi, left to right, and Gennaro Saporito, foreground right, work at a post on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew)
A file photo of the stock exchange.
A file photo of the stock exchange.   (AP Photo/Adam Nadel, file)
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5 comments
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Fondue
Nov 5, 09 3:29 PM CST
w00t Reply
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+2
BlueAyez
Nov 5, 09 3:31 PM CST
Oh, so now that the fed was denied the regulatory power it really needs to keep the b*stards in line the market leaps. How ironic. Reply
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+3
cochiserocks
Nov 5, 09 3:53 PM CST
I was talking to someone who works in the city the other day - he pointed out to me that money is made whenever the market moves - up, or down. Either way, if they put their money on the right horse, the dealers, hedge funds and all those guys making money out of the market win. The only losers are the companies themselves, and anyone dependent on their stability. ie. us Reply
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+2
IN RESPONSE:
divetrader
Nov 5, 09 6:09 PM CST
That is accurate. The media tries to whitewash this rally as good because fewerunemployment claims are made. What most people don't know is once you have used your allotted claims, you fall off the grid and you don't count. Also, if you are self-employed and your bis goes bust, you can't even make a claim. You either don't count or no longer count. Thus, unemployment claims are down and watch the Dow rise. What a beautiful sham.
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+2
Netstorm2k9
Nov 5, 09 5:06 PM CST
And the rich get richer. Reply
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+2
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