Stocks bounce back to near 10,000 mark
Associated Press
NEW YORK — A rebound in commodities drew investors back into the stock market and helped push stocks to new highs for 2009.
Major stock indicators rebounded yesterday from a drop the day earlier to end at their highest levels in 11 months. The Dow Jones industrials rose 51 points; after soaring 50.1 percent since hitting a 12-year low in March, it stands 170 points below the 10,000 mark — a level the average hasn't been above since October.
The gains came as the Federal Reserve began a two-day meeting on interest rates. Investors are hoping the central bank will provide a clearer indication of when it might raise rates from their record low of near zero.