Markets Manage To Close Up
After a day spent mostly in the red, the Dow nearly wasted a rally in its final hour but managed to finish barely in positive territory for the day, closing up 12.35 points for the day, or about .2 percent, at 8,212.49
The S&P just nosed into positive territory at close, up just more than .1 percent.
It was a fine day for the tech-heavy Nasdaq, which had a strong afternoon rally and closed up 1.5 percent.
During its midday slump, the Dow broke through the 8,000-point floor for the first time since November.
Wall Street is waiting for two big bags of money from Washington:
a) the second $350 billion of the $700 billion federal government bailout/rescue plan, and
b) and an$825 billion stimulus plan ginned up by President-elect Obama and detailed by Congress today.
January 15, 2009; 4:19 PM ET
Categories: The Ticker | Tags: Dow Jones, nasdaq, s&p 500
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