Stocks turn up -- as the dollar falls -- after the Fed vows to step in to boost economy. Pfizer is buying King Pharmaceuticals. Drilling shares rise after Obama lifts drilling moratorium.
A survey sees financial companies paying out a record $144 billion in 2010. That's up 4% from 2009, faster than revenue is rising.
Shares of both companies are still ahead since the end of 2006. Intel, JPMorgan and General Electric are still making up ground.
Profit-taking saps the rally's strength. Chip and energy shares move higher. Gymboree will go private in a $1.8 billion deal.
With the Dow above 11,000, investors will worry about the dollar and the economy and tackle earnings season. Reports are due from Intel, JPMorgan Chase, Google and General Electric.
The maker of construction equipment is the top Dow stock of the year and one of the leaders that have pushed the index above 11,000 again.
Investors ignore a weak jobs report. Instead, they focus on a lower dollar and potentially lower interest rates, pushing stocks higher. Food processors drop as grain stocks shrink.
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Growth came in below expectations, but that's just evidence of how far the economy has come.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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