Tuesday, November 2, 2010
Closing Bell
Major stock indexes rose Tuesday as investors awaited the results of Congressional elections, putting the Dow Jones industrial average near its highest point of the year. The Dow Jones industrial average rose more than 60 points. The Dow has now traded above its 2010 closing high of 11,205 four times over the past two weeks but failed to close above that level each time. The broader Standard & Poor's 500 index rose 9, to 1,193. The S&P 500, which is more closely watched than the Dow by professional investors, is also still below its 2010 high of 1,217, reached on April 23. The Nasdaq composite index rose 28, to 2,533. Bond prices rose slightly as investors anticipate the Fed ramping up purchases of government debt in the coming days. That drove the yield on the benchmark 10-year Treasury note down to 2.59 percent from 2.63 percent late Monday.
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