End of Day Surprise

Markets waffled around most of the day, then staged a nice rally for the close. Rupert Murdoch has put in a hefty bid for WSJ. I can't imagine this bellweather paper with Murdoch at the helm. Proctor and Gamble reported a nice bump up in earnings, while GM saw a decline (no surprises here). The combination created an end of the day rally, with the Dow tacking on about 1/2%, while other indexes added about 1/4%. DJIA +73.23 NASDAQ +6.44 S&P 500 +3.93