Dow Closes Over 11,000 for First Time Since '08

Monday, Apr 12, 2010  |  Updated 5:15 PM EDT
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Dow Closes Over 11,000 for First Time Since '08

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Traders work on the floor of the New York Stock Exchange during mid-day trading April 9, 2010 in New York City. The Dow Jones Industrial Average hovering close to the benchmark11,000 level.

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The Dow Jones industrial average has closed above 11,000 for the first time in a year and a half.

A loan agreement for Greece and corporate takeover announcements Monday have nudged stocks higher. The news is lifting investors'  hopes for the economic recovery.

The Dow is up 9 to close at 11,006. It is the Dow's first close above 11,000 since Sept. 26, 2008. It briefly topped 11,000 during
 trading Friday but faded by the close.

The Standard & Poor's 500 index is up 2 at 1,196. The Nasdaq composite index has gained 4 to 2,458.

Three stocks rose for every two that fell on the New York Stock Exchange. Volume came to 966 million shares compared with 1 billion Friday.

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