Provided by Edward Jones, a member of the New York Stock Exchange
Dec. 10 2008, U.S. stocks rose and bond prices fell despite an economic report which showed wholesale inventories fell more than expected. Energy shares led the market's advance after crude oil prices rose on concern that OPEC may reduce production.
Basic materials shares like Alcoa also advanced on a broad-based increase in raw material commodity prices.
The Dow Jones Industrial average was up 70.09 at 8761.42.
The Standard and Poor's 500 index was up 10.57 at 899.24.
The Nasdaq composite Index was up 18.14 at 1565.48.
The Dow Jones Transportation average was up 57.06 at 3444.16.
The Down Jones Utilities average was up 7.30 at 365.78.
Volume on the New York Stock Exchange was moderate, with 1.3 billion shares traded.
The five most active issues on the New York Stock Exchange for Dec. 10, 2008:
General Electric Co. UP $0.22 to $18.00.
CitGroup Inc. DOWN $0.24 to $8.30.
Ford Motor Co. UP $0.02 to $3.25.
Bank of America Corp. DOWN $0.26 to $16.69.
CIA Vale Do Rio Doce. UP $1.22 to $12.05.
At the closing, foreign markets were mostly higher.