Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Dow back in the black for 2011 after stocks rise

Ominous nyse spencer platt getty

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.


Home prices notch third straight monthly gain

Bernanke and Buffett try the feel-better approach

August consumer confidence lowest in more than 2 years

-- Nathaniel Popper

Photo: Spencer Platt / Getty Images

Comments  ()


Recommended on Facebook


In Case You Missed It...