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Send  Print  Share  RSS  Twitter  05 Jan 2010

New Year Brings Rally as Dow Jumps 155.91


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nvestors began 2010 on a buying spree Monday, bidding risky assets sharply higher following strong manufacturing data and comments from Federal Reserve officials favoring low interest rates.
The Dow Jones Industrial Average leapt 155.91 points, or 1.5%, to 10583.96, posting its biggest gains in point and percentage terms since Nov. 9. Twenty-seven of the measure`s 30 components rose, led by gains of about 4% each in Pfizer, Bank of America, and Boeing.
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