Retailers Gain; Dow Climbs 48

Investors overcome grim FOMC minutes
By Nick McMaster,  Newser Staff
Posted Apr 8, 2009 3:28 PM CDT
Retailers Gain; Dow Climbs 48
Traders work on the floor of the New York Stock Exchange in New York, Wednesday, April 8, 2009.   (AP Photo/Seth Wenig)

Stocks posted gains today after dipping into the red after the release of minutes from the Fed open market committee’s March meeting, during which forecasts were lowered, the Wall Street Journal reports. Family Dollar Stores' strong earnings report encouraged investors, and the consumer and retail sectors saw broad advances. The Dow rose 47.55 points to close at 7,837.11. The Nasdaq gained 29.05, closing at 1,590.66, while the S&P 500 added 9.61, settling at 825.16.
(Read more Dow Jones stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X