Tuesday, September 22, 2009

Tuesday

Today, stocks pushed to the highest levels this year on the backs of financial, energy and material shares, as investors went back to betting on a global recovery after a pullback Monday. The Dow was helped by a gain of 4.3% for JP Morgan and 3.6% for Caterpillar. Among the biggest winners in the financial sector were bond and mortgage insurers. The insurers that rose the most generally had substantial short-seller interest, suggesting that the recent price rise for the group may have put some pressure on short-sellers to cover their positions. DJIA +51.01 S&P 500 +7.00 NASDAQ +8.26