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Dow Jumps 204 to 52-Week High

Easy money, robust earnings prove a winning combination

By Nick McMaster,  Newser Staff

Posted Nov 9, 2009 3:15 PM CST

(Newser) – Stocks rallied today as traders positioned themselves to profit off the next series of gains, spurred by the Fed's continuation of loose monetary policy and strong corporate earnings.

  • The Dow rose 203.52 points to close at 10,276.94.
  • The Nasdaq gained 41.62, settling at 2,154.06.
  • The S&P 500 added 23.77, closing at 1,093..07.

Specialist Patrick Murphy, left, laughs with trader Jonathan Corpina, right, on the floor of the New York Stock Exchange in this undated file photo.
Specialist Patrick Murphy, left, laughs with trader Jonathan Corpina, right, on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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You don't want to be left out of a market where you're seeing the prospects for substantially higher earnings, low interest rates and ample liquidity. - J. Stephen Lauck, Ashfield Capital Partners

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COMMENTS
Showing 3 of 4 comments
cornelison
Nov 10, 2009 2:56 AM CST
The GOP will always look for something negative - even if their stocks double. They hate it when there's good news during the current President's tenure.
Yourself
Nov 9, 2009 11:25 AM CST
OG_Travis is right, the job market has always been last to rally, and it will be last again. The only jobs being created right now are stimulus funded ones. DLY - your stupidity is started to become a little painful to be honest, you're just loaded with factually INCORRECT statement and accusations.
freethemall
Nov 9, 2009 10:18 AM CST
DLY, railing against giving money to rich bankers, so that it may trickle down to the rest of us. For shame, DLY! That's class warfare! Since when did you become just a flaming liberal?

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