Dow Closes Above 10,000

Earnings drive stocks; oil hits 1-year high
By Nick McMaster,  Newser Staff
Posted Oct 14, 2009 3:07 PM CDT
Dow Closes Above 10,000
Trader Ted Weisberg, on the floor of the New York Stock Exchange Wednesday, Oct. 14, 2009, wears a vintage "Dow 10,000" cap from March 1999, when the Dow first closed above 10,000.    (AP Photo/Richard Drew)

Strong earnings drove today's milestone stock rally. The Dow rose 145 points to close at 10,016, the first time it's been above the five-figure mark in a year. The Nasdaq gained 32 points, closing at 2,172, and the S&P 500 added 19 points to settle at 1,092, the Wall Street Journal reports. Intel and JPMorgan Chase both beat expectations, and oil closed up $1.03 at $75.21 a barrel, the highest it's been since last October.

(More Dow Jones stories.)

Get breaking news in your inbox.
What you need to know, as soon as we know it.
Sign up
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X