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Wednesday, November 29, 2006

U.S. stocks close higher as investors return after heavy losses

NEW YORK (MarketWatch) -- U.S. stocks closed higher on Tuesday as investors digested a spate of economic data and remarks from Federal Reserve Chairman Ben Bernanke and came back to the market following the prior day's sharp losses."Good markets don't give up easily," said Al Goldman, chief market strategist at AG Edwards. The Dow Jones Industrial Average closed up 14 points at 12,136, rebounding from a morning low of 12,072.Boeing Co. , a Dow component, rose 0.7% after news that German discount airline Air Berlin plc plans to order more than 60 airplanes. The S&P 500 , meanwhile, gained 4 points to 1,386, while the Nasdaq Composite added 6 points to 2,412.
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