Dow Climbs 80 as Stocks Hit 2009 Highs

Stock indices hit highs for 2009 today, alleviating fears that September would bring a major correction after the summer's rally, the Wall Street Journal reports. Energy stocks led the S&P 500, while the Dow Jones Transportation Average—considered a general indicator of national economic sentiment—rose 2.35%. Procter & Gamble rose 4.1% after announcing cost-cutting measures. The Dow gained 80.26 points to close at 9,627.48. The Nasdaq added 23.63, settling at 2,084.02, and the S&P 500 rose 10.77, closing at 1,044.14.
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