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Dow Closes Above 10,000 Consumer confidence boosted by favorable economic reports For Immediate ReleaseDate:
Contact:
Donna Bernard, Vice President
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RUSTON
, “Investors
are encouraged by a number of things including positive economic
indicators and the feds apparent commitment to holding interest
rates where they are for a while, “said The
Dow Jones industrial average closed up 85 points, or 0.85 percent,
at 10,007, according to the latest available data. The Standard
& Poor's 500 Index ended up 12 points, or 1.15 percent, at
1,071. The technology-focused Nasdaq Composite Index closed up 37
points, or 1.95 percent, at 1,942. Other
encouraging news to investors that may have played a part in the
Dow’s rise of 85 points on Thursday include word from the Commerce
Department that consumers bought more new cars, furniture and
electronics during November than predicted. Reports like these may
have investors convinced that holiday business will be stronger this
year than last. “The
market has been waiting for good news. The more confident the
investor, the more money you will see flowing from the sidelines,”
Mailhes said. The
Dow Jones industrial average closed up 85 points, or 0.85 percent,
at 10,007, according to the latest available data. The Standard
& Poor's 500 Index ended up 12 points, or 1.15 percent, at
1,071. The technology-focused Nasdaq Composite Index closed up 37
points, or 1.95 percent, at 1,942. Argent
Financial Group, Inc., formerly The Trust Company of
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