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

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    NEWSLETTERS

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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.

    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.