Friday, January 27, 2012

Dow, S&P 500 close at their highest since July

Traders work on the floor of the New York Stock Exchange Wednesday, Jan. 18, 2012. Wall Street is opening slightly higher. Traders are weighing signs that Germany, Europe's largest economy, could slide into a recession against reports that the International Monetary Fund could get more cash to help countries struggling with debts. (AP Photo/Richard Drew) A surprisingly strong report on the housing market and the prospect of more cash for the International Monetary Fund to fight off a financial crisis powered stocks Wednesday to their highest close since last summer.


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