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Up 133, Dow Hits New '09 High

Data on home resales spur rally

By Nick McMaster,  Newser Staff

Posted Nov 23, 2009 3:18 PM CST

(Newser) – Stocks rallied today on news that home resales jumped 10.1% in October and comments from the president of the St. Louis Fed reaffirming the government's extended commitment to support the credit markets, the Wall Street Journal reports.

  • The Dow jumped 132.79 points to close at 10,450.95, a new high for 2009.
  • The Nasdaq added 29.97, closing at 2,176.01.
  • The S&P 500 rose 14.86 to settle at 1,106.24.

Specialists confer on the floor of the New York Stock Exchange Monday, Nov. 23, 2009.
Specialists confer on the floor of the New York Stock Exchange Monday, Nov. 23, 2009.   (AP Photo/Richard Drew)
Specialists work on the floor of the New York Stock Exchange Monday, Nov. 23, 2009.
Specialists work on the floor of the New York Stock Exchange Monday, Nov. 23, 2009.   (AP Photo/Richard Drew)
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COMMENTS
Showing 3 of 5 comments
JoeQ
Nov 24, 2009 1:14 AM CST
A higher and higher high on lower and lower volume. Thank you, quant trading.
CodyWY
Nov 23, 2009 11:22 AM CST
Really Rocky? Where's the momentum from the Cash for Clunkers stimulus? for the month of Oct. auto sales are down between 6% and 30% from last years numbers in 8 out of 11 automobile categories. http://online.wsj.com/mdc/publ...
DontLikeYou___
Nov 23, 2009 11:09 AM CST
Where are the jobs???

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