Dow index surges to first close above 10,000 in year
15 Oct 2009, 0156 hrs, AGENCIES
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NEW YORK: A strong rally Wednesday lifted the Dow Jones Industrial Average to its first close above 10,000 in over a year, amid growing optimism about a recovery in profits and the overall economy.
The blue-chip index rallied 144.80 points (1.47 percent) to a provisional close at 10,015.86.
The Nasdaq composite jumped 32.34 points (1.51 percent) to 2,172.23 and the broad-market Standard & Poor's 500 index climbed 18.83 points (1.75 percent) to a preliminary close at 1,092.02.
The rally was sparked by stronger-than-expected earnings from computer chip giant Intel and banking firm JPMorgan Chase.
15 Oct 2009, 0156 hrs, AGENCIES
Print EMail Discuss Share Save Comment Text:
NEW YORK: A strong rally Wednesday lifted the Dow Jones Industrial Average to its first close above 10,000 in over a year, amid growing optimism about a recovery in profits and the overall economy.
The blue-chip index rallied 144.80 points (1.47 percent) to a provisional close at 10,015.86.
The Nasdaq composite jumped 32.34 points (1.51 percent) to 2,172.23 and the broad-market Standard & Poor's 500 index climbed 18.83 points (1.75 percent) to a preliminary close at 1,092.02.
The rally was sparked by stronger-than-expected earnings from computer chip giant Intel and banking firm JPMorgan Chase.
