Tuesday, September 8, 2009

US Stocks Paced Higher By Commodities, Industrials Cos.

U.S. stocks began the unofficial start to autumn just as they did this summer, with Alcoa, Chevron and General Electric at the forefront of a rally in energy, commodities and industrial companies.

Overall, the Dow Jones Industrial Average closed up 56.07 points, or 0.59%, at 9497.34, marking a gain for the third straight session. The Dow is up 45% from its 2009 low on March 9.

Helping push the index higher was another round of buying in several types of commodities including gold, silver and oil. From an economic standpoint, investors touted an expectation of growth globally that will, in turn, drive demand for each of these products into the end of the year.

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