Stocks made a major advance today (Monday, July 20, 2009). This the the 6th consecutive positive day for the Dow Jones industrials. The latest round of reports from large companies is showing that the economy is moving toward recovery. The latest news that CIT will be able to avoid bankruptcy, after striking a commercial deal, helped the stock market continue its surge.
The Dow Jones jumped 100-points forging itself into the black for the year, while the S&P 500 jumped to its highest level since November of 2008.