Dow Rises 44 on Rates News

Dallas Fed chief reiterates commitment to low interest rates
By Nick McMaster,  Newser Staff
Posted Nov 11, 2009 3:15 PM CST
Specialist Gerard Petti, left, directs trading at his post on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)

(Newser) – Stocks retreated from an earlier rally but closed with solid gains after the Dallas Fed president reaffirmed the central bank's commitment to keeping interest rates low. Meanwhile, home-builder Toll Brothers announced a surge in contracts for the third quarter, the Wall Street Journal reports.

  • The Dow gained 44 points to close at 10,291.
  • The Nasdaq added 16 points to settle at 2,167.
  • The S&P 500 rose 6 points to 1,099.