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Article: Bulls creeping ahead again Better profits, home sales help sustain stock rally
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- July 24, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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It's safe to look at your 401(k) statement again.
U.S. stocks have quietly put together a winning streak in recent
days, at least partially chewing up the declines that have ravaged
retirement and college savings accounts amid the nation's economic
downturn.
The Dow Jones industrials on Thursday finished above 9000 for the
first time since January. The index has surged 923 points, or 11%,
in nine days.
Among broader stock indexes, the Nasdaq Composite Index was up
2.5% Thursday, for a 12th straight daily gain, its longest streak
since 1992.
The Standard & Poor's 500 index advanced 2.3% Thursday and has
rallied 11% since July 10.
Better-than-expected profits at some of the nation's biggest ...