Dow back in the black for 2011 after stocks rise
The Dow Jones industrial average was back in positive territory for the year after stocks rose Wednesday morning for the fourth straight day.
A report from the Commerce Department said that factory orders grew in July more than economists expected, dampening fears that the economy is heading back into recession. A seperate report showed that private businesses added employees in August, though fewer than in July.
The Dow was recently trading up 116.17 points, or 1.0%, at 11,676.12. That is nearly 100 points higher than where the blue-chip index began the year. Thanks to the market plunge earlier this month, the Dow is still well below the highs reached in late April and July.
The broader Standard & Poor's 500 index is still in negative territory for the year.
-- Nathaniel Popper
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