Bullish Earnings Boost Dow 104

CIT Group surges on possible bondholder rescue plan
By Nick McMaster,  Newser Staff
Posted Jul 20, 2009 3:18 PM CDT
Bullish Earnings Boost Dow 104
Traders work the floor of the New York Stock Exchange in this undated file photo.   (AP Photo)

Stocks gained late today on bullish earnings from the S&P 500, the Wall Street Journal reports, with data showing that quarterly earnings from 71% of those firms beat expectations. CIT Group surged 81.4% on a possible plan to save it from bankruptcy. The Dow rose 104.21 to close at 8,848.15. The Nasdaq gained 22.68, closing at 1,909.29, and the S&P 500 added 10.75 to settle at 951.13. (More Dow Jones stories.)

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