Wall Street Marks Best Close of 2009

The stock market saw a small burst Tuesday after Citigroup Inc. announced the company made profit during the first two months of the year. The news energized financial stocks and, in turn, the entire stock market. According to preliminary calculations, the Dow Jones industrial average is up 379 at 6,926.

The stock market saw a small burst Tuesday after Citigroup Inc. announced the company made profit during the first two months of the year. The news energized financial stocks and, in turn, the entire stock market.

According to preliminary calculations, the Dow Jones industrial average is up 379 at 6,926. The Standard & Poor's 500 index is up 43 at 720. The Nasdaq composite index is up 90 at 1,358.
More than 15 stocks rose for every one that fell on the New York Stock Exchange. Volume came to 2.17 billion shares.

Analysts remain caustious, noting Wall Street has seen many blips higher since the credit crisis and recession began. 

Source:  Forbes.com,  U.S. Stocks Shoot Higher on Citigroup Profit News

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