Looks like the end of the years is kind to stocks with three of the leading indexes all closing at 14-month highs.
The Dow Jones rose 30 points or 0.3% to close at 10,501.05. The Standard&Poor 500 index closed gaining 8 points or 0.7% at 1,114.11. Tech-heavy Nasdaq ended its run up 22 points or 1% at 2,212.10.
The jump was triggered by Citigroup’s announcement that it will be paying back the bailout money.
The weak dollar also helped buoy shares and stocks of companies that do a lot of business overseas. Exchange rates factor in stocks of such companies.
Source: CNN
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Tags: Stocks, Wall Street