Stocks continue September rally; Dow gains again
NEW YORK (AP) – Stocks edged higher Friday, extending a rally that began nearly two weeks ago, as investors hold on to their newfound optimism about the economy.
The Dow Jones industrial average rose 47 points in very light trading. It was the seventh day of gains out of the past eight for the index. Treasury prices eased as traders became more willing to take on risk.
The Dow rose 47.53, or 0.5 percent, to close at 10,462.77. That’s the highest close since Aug. 10. But it’s still only up 0.3 percent this year.
Broader indexes also rose. The Standard & Poor’s 500 index rose 5.37, or 0.5 percent, to 1,109.55, while the Nasdaq composite index rose 6.28, or 0.3 percent, to 2,242.48.