Stocks climbed, pushing the Dow Jones Industrial Average to a new 2009 closing high, as energy company chevron, telecom giants AT&T and led a broad rally.
The Dow Jones rose 132.79 pts (1.29%), to 10450.95, snapping a 3-day losing streak and reaching its highest close since Oct. 2, 2008. Of its 30 components, 28 closed higher. The telecom companies had the biggest percentage gains, with Verizon rising 90 cents, or 3%, to $31.33, and AT&T went up 76 cents, or 2.9%, to 26.78. Chevron climbed 1.97, or 2.6%, to 78.74.
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