Dow Rises 127 as Dubai Fears Subside

Dow fully recovers from Friday's emirate-fueled swoon
Posted Dec 1, 2009 3:13 PM CST
Dow Rises 127 as Dubai Fears Subside
Traders work the floor at the New York Stock Exchange on November 27, 2009.   (Getty Images)

Stocks rallied today as investors grew less fearful that Dubai will default on its sovereign debt and a US housing forecast climbed to its highest level in 3 years, the Wall Street Journal reports.

  • The Dow rose 127 points to close at 10,472.
  • The Nasdaq added 31 points, settling at 2,176.
  • The S&P 500 gained 13 points, closing at 1,109.

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