Summary
NEW YORK -- The Dow Jones industrials climbed back above 10,000 Wednesday after investors had second thoughts about the heavy selling in the stock market during the last two weeks. Stocks soared and the Dow rose 275 points after a modest gain Tuesday. It was the market's first back-to-back advance since mid-June, and the first close above the psychological benchmark of 10,000 since June 28. But analysts warn that the buying doesn't mean investors are more optimistic. They said there wasn't a single catalyst behind the move and that it looked like a case of investors scooping up stocks that had become cheaper after heavy losses.
The Dow and broader indexes gained more than 2 percent. Trading volume was light, however, signaling that many skeptical investors were staying out of the market.See the full content of this document
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Dow Extends Gains, Closes Above 10,000
Financial stocks rose on an upbeat profit forecast from State ...
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