Dow approaches positive territory for '09 on upbeat economic news
The long-awaited bankruptcy filing by General Motors (GM) didn't faze investors, who seemed to have already moved on to better-than-expected reports on U.S. manufacturing and household income. The Dow is now within 50 points of positive territory on the year.
Cisco (CSCO) and Travelers (TRV), which will replace GM and Citi in the 30-stock DJIA beginning next week, it was announced today, both outperformed the average. Cisco rose 5.4 percent and Travelers gained 3.1 percent.
For more stocks making news, be sure to read BloggingStocks' market wrap up.