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Friday, Oct 30, 2009 @05:09am CDT (New York, NY) -- All eyes will be on Wall Street today after the U.S. gross domestic product grew more than expected during the third quarter, sending stocks on a strong rally yesterday. Investors were also encouraged by quarterly profits exceeding expectations at Procter & Gamble and Colgate-Palmolive, two major consumer product companies. The Dow Jones Industrials jumped by triple digits, closing 200 points higher at 99-63. The Nasdaq gained 38 points, ending the session at 20-98. The S&P 500 Index tacked on 23 points, finishing at 10-66. The price of a barrel of crude oil rocketed two-dollars-41-cents to close at 79-dollars-87-cents on the New York Mercantile Exchange. (Copyright 2009 by VERTEXNews/Newsroom Solutions) |
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