Dow Up 30 on Dubai Rescue

Exxon down 4.7% after XTO Energy acquisition
By Nick McMaster,  Newser Staff
Posted Dec 14, 2009 3:10 PM CST
Dow Up 30 on Dubai Rescue
The statue of George Washington in front to Federal Hall is juxtaposed with the 86th annual New York Stock Exchange Christmas tree that was illuminated during ceremonies Thursday, Dec. 10, 2009.   (AP Photo/Richard Drew)

Stocks posted solid gains off the news that Abu Dhabi had given Dubai $10 billion to head off its credit woes, soothing worries of a sovereign default, the Wall Street Journal reports.

  • The Dow rose 29.55 points to close at 10,501.05.
  • The Nasdaq gained 21.79, closing at 2,212.10.
  • The S&P 500 added 7.70 to settle at 1,114.11.
(Read more Dow Jones stories.)

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