Dow jumps 200 points as stocks surge to year highs

November 10, 2009

The Dow Jones average of blue-chip stocks rallied to its highest level in more than a year Monday after Group of 20 finance ministers and central bankers reassured investors this weekend that they would continue working to prop up world economies and keep interest rates low. The Dow rose 203.52 points, or 2 percent, to 10,226.94, which was its highest close in 13 months. Overall, five stocks rose for every one that fell on the New York Stock Exchange. Jim Paulsen, chief investment strategist at Wells Capital Management in Minneapolis, attributed the rally to recent better-than-expected economic reports, including companies beating profit expectations.

-Tribune Newspapers

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