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Stocks jumped again Monday following news that CIT had struck a financing deal that will keep the troubled commercial lender out of bankruptcy. More upbeat earnings reports and a better-than-expected read on future economic activity also drove shares higher. A 100-point gain pushed the Dow Jones industrials back into the black for the year, while the Standard Poor's 500 climbed to its highest finish since November.
Stocks jumped again Monday following news that CIT had struck a financing deal that will keep the troubled commercial lender out of bankruptcy. More upbeat earnings reports and a better-than-expected read on future economic activity also drove shares higher. A 100-point gain pushed the Dow Jones industrials back into the black for the year, while the Standard Poor's 500 climbed to its highest finish since November.
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02-03-2012, 01:53 PM #1
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