Dow Rises 44 on Rates News

Dallas Fed chief reiterates commitment to low interest rates
Posted Nov 11, 2009 3:15 PM CST
Dow Rises 44 on Rates News
Specialist Gerard Petti, left, directs trading at his post on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)

Stocks retreated from an earlier rally but closed with solid gains after the Dallas Fed president reaffirmed the central bank's commitment to keeping interest rates low. Meanwhile, home-builder Toll Brothers announced a surge in contracts for the third quarter, the Wall Street Journal reports.

  • The Dow gained 44 points to close at 10,291.
  • The Nasdaq added 16 points to settle at 2,167.
  • The S&P 500 rose 6 points to 1,099.

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