Stocks Hit New Highs Thursday
Stocks surged Thursday, pushing the Dow Jones industrials up 200 points into record territory as bright spots among retailers' generally sluggish June sales reports allowed investors to toss aside concerns about the health of the economy that have for weeks dogged Wall Street.
A new bid for aluminum maker Alcan Inc. added to the upbeat mood of the session. The rise marked a sharp contrast to the start of the week when stocks fell sharply amid concerns that some hedge funds could buckle under ill-placed bets on the housing sector.
A new bid for aluminum maker Alcan Inc. added to the upbeat mood of the session. The rise marked a sharp contrast to the start of the week when stocks fell sharply amid concerns that some hedge funds could buckle under ill-placed bets on the housing sector.
posted by Stock Administrator @ 1:47 PM
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