Dow Stays Perfect in 2011
NEW YORK (TheStreet) - Stocks, the dollar and commodities rose Wednesday, while treasuries sold off, as better-than-expected reports on jobs and the service industry boosted recovery expectations.
The Dow Jones Industrial Average stayed perfect in 2011, rising for a fourth consecutive session. The blue-chip index tacked on 32 points, or 0.3%, to close at 11,723, finishing just 20 points below its peak for the day. The S&P 500 added 6 points or 0.5%, to close at 1276 and the Nasdaq Composite jumped 21 points, or 0.8%, to settle at 2702.
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