Stocks Surge Nasdaq now positive for 2009

Up for the year to date" is a phrase that nobody in the stock market had heard for a long time. Until Thursday.
U.S. stocks surged and the Nasdaq Composite burst into positive territory for 2009 as traders ignored signs of rising unemployment and positioned for a recovery, buying economically sensitive stocks such as Research In Motion, Best Buy and FedEx.
General Motors was the strongest stock on the Dow Jones Industrial Average as the U.S. government looked likely to give the auto giant another shot at a turnaround. GM surged 42 cents, or 14%, to 3.41.
Overall, the Dow rose 174.75 points, or 2.25%, to 7924.56, its highest close since Feb. 12, bringing its gains to 21% from the 12-year closing low on March 9. That eclipses the 19% gain between Nov. 20 and Jan. 2, and is the first time the Dow has entered a "technical bull market" - a gain of 20% or more since the current bear market began in October 2007.


Article - WSJ.com


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