This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dow Surges Past 10,000 Again

(Updated with stock prices.)

NEW YORK ( TheStreet) -- The major averages rose as much as 1% Thursday as investors greeted a wave of earnings, economic data and executive compensation developments.

The Dow Jones Industrial Average rose 131.95 points, or 1.3%, to 10,081.31, with help from Travelers (TRV - Get Report), which rose 7.7% after topping earnings estimates and raising guidance. The S&P 500 advanced 11.51 points, or 1.1%, to 1,092.91, and the Nasdaq, which was in negative territory most of the day, advanced 14.56 points, or 0.7%, to 2,165.29.

Amazon (AMZN) topped estimates immediately after the close, sending shares more than 9% higher in post-market activity.

Among the afternoon's headlines, U.S. pay czar, Kenneth Feinberg, announced provisions for salaries of 175 employees at firms receiving government aid. Cash salaries won't exceed $500,000 for 90% of executives, among other regulations.

Earlier, the Fed issued a proposal to supervise incentive compensation policies of banking organizations that have led to excessive risk-taking, contributing to bank losses and financial instability.

The proposal, which is open to a comment period, includes the review of policy and practices at 28 large banks, in addition to the review of compensation practices at regional, community and other banking organizations not classified as large and complex.

The Dow got an early-day lift after the Conference Board said its index of leading indicators increased more than expected, by 1%, in September after an 0.4% increase the month prior.

Earlier, the government said that new weekly jobless claims rose more than expected, by 11,000 to 531,000, but the four-week moving average edged down 750 to 532,250. Continuing claims fell more than anticipated, to 5.29 million, from 6.02 million.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
CS $25.92 -3.60%
DOW $41.68 -4.80%
ERIC $9.56 -2.10%
NVS $94.73 -2.60%
TRV $97.55 -2.00%


Chart of I:DJI
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASDAQ 4,636.1050 -140.4030 -2.94%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs