Dow hits a new 2009 high |
News - Financial News | |||
Written by Hugh McManus | |||
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November 9, 2009: The Dow rose 204.52 points, 2.03%, to hit a high for 2009 of 10226.94; it represents a twelve-month high. All but one of the components of the Dow rose on Monday; Kraft Foods was the only component company to decline, driven by the decision by Cadbury to reject a take-over offer. The rally was most likely due to the announcement by the Fed that interest rates would remain close to zero percent for some time.
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