Updated from 9:43 a.m. EDT
Stocks on Wall Street Friday were tracking higher ahead of a hotly anticipated congressional vote on a bill to rescue struggling financial firms. A new bank merger deal that will not require government assistance and an increasingly likely rate cut from the Federal Reserve were bolstering buying sentiment.
The Dow Jones Industrial Average climbed 216 points to 10,704, and the S&P 500 was better by 31 points at 1145. The Nasdaq added 62 points to 2039.
On Thursday, stocks finished with sharp losses as traders digested some bearish economic data and waited for signs that a $700 billion bailout package for the financial sector would pass the House of Representatives. The bill, slated to go before a vote Friday, is expected to pass the House by a narrow margin. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.12 |
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